this post was submitted on 03 Apr 2025
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Summary

Global leaders criticized Trump’s new tariffs, which range from 10% to 49%, warning of trade wars and economic fallout.

The UK and Italy urged negotiation, while Brazil passed a reciprocity bill. China and South Korea vowed countermeasures.

Australia and New Zealand rejected Trump’s logic, citing existing trade deals and low tariffs. Norfolk Island was baffled by a 29% duty despite having no exports.

Financial markets dropped, oil and bitcoin sank, and leaders warned of inflation. Analysts say Trump risks fracturing global trade with little to gain economically.

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[–] [email protected] 7 points 3 weeks ago

UK and Italy are playing Trump's game. He doesn't negotiate. He demands tribute and only honours agreements if they are a win for him and he feels like honouring it at the time. Canada has a Trump negotiated trade agreement - the best agreement ever, in his parlance. It is apparently not worth the paper it is written on.
Countries must negotiate trade agreements - with everyone except the USA. And citizens must support their countries by not purchasing any thing from the USA. As for the few Americans that didn't vote for Trump, so sorry but your fellow Americans still fully support him. So it isn't "just Trump", it is America that is the problem. Trump is simply reflecting who the majority of Americans really are.

[–] [email protected] 1 points 3 weeks ago

Because Trump is getting demented. This is all his idea

[–] [email protected] 19 points 3 weeks ago (1 children)

Vlad Vexler makes the point that the point of is not at all economics but that it does have a basis in logic: it is about asserting that he can do this, that his political power is above economic rationality. It is a political move, not an economic play.

[–] [email protected] 1 points 3 weeks ago

It's also chaos.

He's making it so nobody can even trust their own country or economy.

You just have to listen and trust him and Trump will make it right ..

[–] [email protected] 1 points 3 weeks ago (1 children)

This thumbnail looks like the shittiest 'Soulsborne' Boss. Ever. Like, worse than Patches. Limping; anaemic.

[–] [email protected] 0 points 3 weeks ago

Gold has held up well with new all time highs. You really can't challenge the classic.

[–] [email protected] 34 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

There is simple logic in it. Punish everyone, and then let them come to you asking for exemptions. Then he can demand things in exchange. After that it's "Pray I don't alter the deal any further."

UK already asked for an exemption and he said they should buy chlorinated chicken first. If every country responds in the same way and gives in he's making bank. If they respond with a boycott on anything American, especially digital services, things get bad.

[–] [email protected] 1 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

Well if hes following Project 2025, which it seems based on recent comments by Elon Musk, then hes expecting other countries to remove all tariffs first. As you say, chlorinated chicken, but if you dont then you dont get to sell your healthy chickens to America, and all that money you owe thats denominated in USD becomes very hard to acquire.

Maybe the better option is to allow it but to label it with its harmful chemicals, let the free market decide, in a kind of democratic process of people determining their own marginal utility versus budget constraints. You can still buy cigarettes in the UK and Europe as well, so whats a bit of American chicken versus a lifetime of smoking?

[–] [email protected] 1 points 3 weeks ago

Then next Trump would just threaten with tariffs again until the labeling had been removed. Then he'll threaten again for their oversized cars. There won't be an end to this.

[–] [email protected] 3 points 3 weeks ago (1 children)

Chlorinated chicken..?

Is that as mouth-watering as it sounds?

[–] [email protected] 6 points 3 weeks ago (1 children)

For when your food grows up in so much squalor that you need to dip them in chlorine to fake the bacterial culture tests.

[–] [email protected] 2 points 2 weeks ago
[–] [email protected] 7 points 3 weeks ago

Can we stop winning already? I'm tired of winning so much.

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