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  3. The world reacts to Trump's sweeping tariffs: 'No basis in logic'

The world reacts to Trump's sweeping tariffs: 'No basis in logic'

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  • microwave@lemmy.worldM [email protected]

    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.

    J This user is from outside of this forum
    J This user is from outside of this forum
    [email protected]
    wrote on last edited by
    #98

    "No basis in logic" will be both the title of Trump's time in office and the reason why the USA collapses

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    • A [email protected]

      the "logic" is pretty much as you described it. Only, after charging yourself with the extra tax on Walmart purchases, you obviously can't afford Walmart any longer, so you learn to make your own soap with ash and the fats of animals that you have started breeding in your own flat.

      W This user is from outside of this forum
      W This user is from outside of this forum
      [email protected]
      wrote on last edited by
      #99

      So sad and so true. You made me giggle and frown at the same time. Have some 🥇.

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      • L [email protected]

        17% and they're already crying about it.

        Ironically it's the closest the US has gotten to a BDS policy in its history with Israel.

        ? Offline
        ? Offline
        Guest
        wrote on last edited by
        #100

        they’re already crying about it.

        Fuck zionists. I hate them all.

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        • tempus_fugit@midwest.socialT [email protected]

          Wouldn't it have to be 9001%?

          W This user is from outside of this forum
          W This user is from outside of this forum
          [email protected]
          wrote on last edited by
          #101

          ISO PTSD trigger warning! Hide that shit the next time.

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          • N [email protected]
            1. Order tariffs
            2. Make everything more expensive for everyone everywhere
            3. Piss off the entire world and invite countermeasures
            4. ??????????????
            5. MAGA
            ? Offline
            ? Offline
            Guest
            wrote on last edited by
            #102

            for everyone everywhere

            This is all so the American companies don't actually have to compete with anyone else. Instead of lowering their prices to be competitive to give better deals to customers, they game the system and force everyone else to raise prices to match theirs.

            J 1 Reply Last reply
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            • ? Guest

              You had me right up to "I didn't vote".

              dns@discuss.onlineD This user is from outside of this forum
              dns@discuss.onlineD This user is from outside of this forum
              [email protected]
              wrote on last edited by
              #103

              Nut had me when he blamed democrats for Trump. Not the actual Russians propping him up and the NRA who was funneled money from Russia to give to Republicans.

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              • ? Guest

                You had me right up to "I didn't vote".

                F This user is from outside of this forum
                F This user is from outside of this forum
                [email protected]
                wrote on last edited by
                #104

                Why?

                Democrats and Republicans have spent the last eight years convincing the poor and middle class that voting doesn't matter. Hell, Democrats even subverted their own primary rules twice to strike that point home, and then argued in court that it was their right to do so when they were sued for it.

                U 1 Reply Last reply
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                • ? Guest

                  "No basis in logic"

                  No shit, this whole administration has no basis in logic. Just look at Project 2025 and the progress they've made on it in a little over 2 months.

                  ? Offline
                  ? Offline
                  Guest
                  wrote on last edited by
                  #105

                  Woah, and biden waited until the very end of his term to do something as benign as removing Cuba from the list of state sponsors of terrorism.

                  Man, whoever is voting for establishment democrats in primaries is really just helping Republicans at this point.

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                  • microwave@lemmy.worldM [email protected]

                    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.

                    E This user is from outside of this forum
                    E This user is from outside of this forum
                    [email protected]
                    wrote on last edited by
                    #106

                    Ooh boy, does my retirement account feel liberated.

                    1 Reply Last reply
                    0
                    • ? Guest

                      I mean, it's pretty logical.

                      He wants to enrich his American buddies, and this is how we do it.

                      Instead of competing fairly with foreign businesses, Americans artificially increase the prices of the competition so customers don't have a cheaper option to choose.

                      I want to say this country sucks, I really do. But in all honesty, this generation sucks. The greed and consumerism on both sides is what led us to this.

                      It's a two-pronged approach where we have the 'lesser-evil' morons working in tandem with the 'greater-evil' scumbags to ensure good never prevails.

                      Fuck everyone who voted for hillary clinton and joe biden in their primaries. I put the blame squarely on them for why we have 2 trump presidencies.

                      Big reason why I didn't vote this election. Tired of supporting the "lesser-evil" crowd that never supports me for some reason. Loyalty is a one-way street with them.

                      F This user is from outside of this forum
                      F This user is from outside of this forum
                      [email protected]
                      wrote on last edited by
                      #107

                      I don't think this is a generational thing, personally, unless we're talking about the Boomers.

                      The Boomers took a vibrant, beautiful world and spent two generations driving it into this McDonaldized hellhole we live in, after reaping the benefits of the most prosperous economic period for workers in our history in the 1960's. They're still profiting.

                      The vast majority of the country only has one or two choices when shopping for necessities now, so I can't really blame them for the world that they were born into.

                      ? 1 Reply Last reply
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                      • D [email protected]

                        I think Trump doesn’t want to trade at all. He wants us to produce everything we need.

                        E This user is from outside of this forum
                        E This user is from outside of this forum
                        [email protected]
                        wrote on last edited by
                        #108

                        Well, artificially increasing the price of all the raw naturals we use to make those things will certainly help with that goal...

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                        • B [email protected]

                          Have we forgotten that he has done this each month since he was Inaugurated?

                          Today the stock market will crash on this news. The wealthy will buy on this massive dip, and in a few days, HitlerPig will announce that the countries on his list have responded to his tariff threats, so he is postponing them for a month or so.

                          The stock market will recover a bit, and the wealthy will make a fortune. In a month, he'll do it all over again.

                          It's deliberate market manipulation.

                          ibelieveinthehousehippo@lemmy.caI This user is from outside of this forum
                          ibelieveinthehousehippo@lemmy.caI This user is from outside of this forum
                          [email protected]
                          wrote on last edited by
                          #109

                          I am stealing "HitlerPig"

                          B 1 Reply Last reply
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                          • ? Guest

                            You had me right up to "I didn't vote".

                            R This user is from outside of this forum
                            R This user is from outside of this forum
                            [email protected]
                            wrote on last edited by
                            #110

                            Because that means you supported Trump, regardless of what you say, your actions helped put him in power.

                            ? 1 Reply Last reply
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                            • C [email protected]

                              You don't even have to go that far. Just adopt sane copyright laws, like copyright only lasting the life of the artist.

                              E This user is from outside of this forum
                              E This user is from outside of this forum
                              [email protected]
                              wrote on last edited by
                              #111

                              Yeah, but think about the grandchildren of the CEO who bought that IP from the artist‽

                              Do you want them to starve have to work for a living?

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                              • microwave@lemmy.worldM [email protected]

                                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.

                                D This user is from outside of this forum
                                D This user is from outside of this forum
                                [email protected]
                                wrote on last edited by
                                #112

                                The "Empires last 250 years" thing is bad history and not really supported by fact...but...

                                1 Reply Last reply
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                                • 1984@lemmy.today1 [email protected]

                                  https://en.wikipedia.org/wiki/Accelerationism

                                  End goal.

                                  N This user is from outside of this forum
                                  N This user is from outside of this forum
                                  [email protected]
                                  wrote on last edited by
                                  #113

                                  I would tend to agree with the process part of accelerationism, but I don't think there is a goal.

                                  The "crazy like a fox" theory is contradicted by several pretty dumb tells that suggest the administration is headed and staffed by actual idiots.

                                  1 Reply Last reply
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                                  • ? Guest

                                    You had me right up to "I didn't vote".

                                    ? Offline
                                    ? Offline
                                    Guest
                                    wrote on last edited by
                                    #114

                                    If you're mad at me for not voting, blame the people who keep nominating establishment candidates.

                                    Every ounce of effort you spend trying to convince me to vote for the lesser-evil would be better spent convincing people not to nominate the lesser-evil.

                                    J 1 Reply Last reply
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                                    • ibelieveinthehousehippo@lemmy.caI [email protected]

                                      I am stealing "HitlerPig"

                                      B This user is from outside of this forum
                                      B This user is from outside of this forum
                                      [email protected]
                                      wrote on last edited by
                                      #115

                                      I've been using it ever since i heard thats what the younger staffers in the Biden White House called him. I found it simultaneously hilarious, vicious, and accurate. I encourage you and others to use it often.

                                      Other suggestions:

                                      Kapo Stephen "PeeWee Himmler" Miller (my favorite)

                                      Steve "Unwiped Asshole" Bannon

                                      Empty G

                                      Lauren Boobert

                                      Big Boobie Bondi

                                      Couchfucker Vance (not very original, but a good reminder)

                                      Gold Digging Whore (the Propaganda
                                      Secretary, I can't be bothered to learn her name)

                                      Traitor also works for all of them. Nazi, too.

                                      A 1 Reply Last reply
                                      0
                                      • ? Guest

                                        Copyright and patent laws should just go away entirely.

                                        The amount of resources we spend enforcing them, just so we can spend more resources on the products themselves, could all be spent improving the lives of people who need it.

                                        E This user is from outside of this forum
                                        E This user is from outside of this forum
                                        [email protected]
                                        wrote on last edited by
                                        #116

                                        That's a great plan for letting those mega corps steal from the little guy EVEN more than they already do

                                        ? 1 Reply Last reply
                                        0
                                        • F [email protected]

                                          I don't think this is a generational thing, personally, unless we're talking about the Boomers.

                                          The Boomers took a vibrant, beautiful world and spent two generations driving it into this McDonaldized hellhole we live in, after reaping the benefits of the most prosperous economic period for workers in our history in the 1960's. They're still profiting.

                                          The vast majority of the country only has one or two choices when shopping for necessities now, so I can't really blame them for the world that they were born into.

                                          ? Offline
                                          ? Offline
                                          Guest
                                          wrote on last edited by
                                          #117

                                          Calling young people consumerist is just blaming them for circumstances of which they had no real control.

                                          What? Have you heard the music they listen to? Gucci this, versace that. Have you seen the celebrities they look up to? Gold chains this, expensive tattoos that. Don't even get me started on the cars that cost more than my house.

                                          Just try suggesting to them that delivery apps are scams or that they can be getting most of their digital entertainment for free and see what reactions you get.

                                          No, they are proud consumers doing their part to keep the disparity in wealth growing.

                                          F S 2 Replies Last reply
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