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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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  • W [email protected]

    Americans are trained from birth to value ignorance as the greatest virtue. Donald Trump represents everything that American culture venerates.

    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
    #234

    Failing upward. Trump Steaks, Trump University, hell, he couldn't make money running a CASINO: Trump Castle Hotel and Casino, bankrupt. Trump Plaza Casino, bankrupt. Trump Hotels & Casino Resorts, and Trump Entertainment Resorts.. all bankrupt.

    Now he can add the US economy to his trophy case of participation ribbons.

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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.

      A This user is from outside of this forum
      A This user is from outside of this forum
      [email protected]
      wrote on last edited by
      #235

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

      1 Reply Last reply
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      • E [email protected]

        MY wording?

        You were the one claiming marvel movies weren't.

        C This user is from outside of this forum
        C This user is from outside of this forum
        [email protected]
        wrote on last edited by
        #236

        I'm referring to the original poster.

        E 1 Reply Last reply
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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.

          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
          #237

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

          sensiblepuffin@lemmy.funami.techS 1 Reply Last reply
          0
          • ? Guest

            Insanely stupid logic and thought process

            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
            #238

            Lol. You must be very smart.

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

              Lol. You must be very smart.

              ? Offline
              ? Offline
              Guest
              wrote on last edited by
              #239

              Clearly smarter than you at the very least

              1 Reply Last reply
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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.

                theacharnian@lemmy.caT This user is from outside of this forum
                theacharnian@lemmy.caT This user is from outside of this forum
                [email protected]
                wrote on last edited by
                #240

                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.

                S 1 Reply Last reply
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                • V [email protected]

                  You can't just flip a switch to have manufacturing moved to the United States overnight or even five years. Not to mention that even raw goods needed to even start the process that are being tarriffed like aluminum just doesn't come out of nowhere. This is a dumb sledgehammer approach that's going break more things than it fixes

                  gandalf_der_12te@discuss.tchncs.deG This user is from outside of this forum
                  gandalf_der_12te@discuss.tchncs.deG This user is from outside of this forum
                  [email protected]
                  wrote on last edited by
                  #241

                  well yeah i agree that giving companies time to move back would have been better.

                  1 Reply Last reply
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                  • C [email protected]

                    I'm referring to the original poster.

                    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
                    #242

                    You're like 6 levels deep into a thread, being vague like this is completely inscrutable.

                    C 1 Reply Last reply
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                    • D [email protected]

                      He’s hoping the foreign companies are going to open up shop in USA to avoid the tariffs.

                      ? Offline
                      ? Offline
                      Guest
                      wrote on last edited by
                      #243

                      Which they're not going to do as that takes time and meanwhile he keeps moving the goalposts.

                      D 1 Reply Last reply
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                      • D [email protected]

                        He’s hoping the foreign companies are going to open up shop in USA to avoid the tariffs.

                        ? Offline
                        ? Offline
                        Guest
                        wrote on last edited by
                        #244

                        Which they're not going to do as that takes time and meanwhile he keeps moving the goalposts.

                        1 Reply Last reply
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                        • ? Guest

                          All the guns on the world won't do any good against a missile. Gun nuts are just waiting for an excuse to shoot their neighbors. Jokes on them because no gun can save them from getting 🗡 In their sleep or getting their food ☠️.

                          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
                          #245

                          And the United States won in Vietnam.

                          1 Reply Last reply
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                          • ? Guest

                            Which they're not going to do as that takes time and meanwhile he keeps moving the goalposts.

                            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
                            #246

                            And they’ll just fill in the gaps with China, or other non USA alternatives.

                            1 Reply Last reply
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                            • E [email protected]

                              You're like 6 levels deep into a thread, being vague like this is completely inscrutable.

                              C This user is from outside of this forum
                              C This user is from outside of this forum
                              [email protected]
                              wrote on last edited by
                              #247

                              Oh yeah, I didn't notice the thread is deeper. I meant lumony, the person I originally responded to. They called Marvel art (which is fine) and called it useless slop or something like that.. So clearly we are talking about art as something that needs to have quality.
                              I responded to them that their mistake is thinking that its art (in the sense that it needs to have quality). It's just entertainment, not all movies need to be citizen Kane or whatever.
                              Is it more clear now or..?

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                              • A [email protected]

                                If it's good enough for inventors, it's good enough for musicians, writters and software developers.

                                H This user is from outside of this forum
                                H This user is from outside of this forum
                                [email protected]
                                wrote on last edited by
                                #248

                                Exactly. Especially when you figure in the longer scale up time with an invention. You can't just flip a switch and start making money.

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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.

                                  S This user is from outside of this forum
                                  S This user is from outside of this forum
                                  [email protected]
                                  wrote on last edited by
                                  #249

                                  Because Trump is getting demented. This is all his idea

                                  1 Reply Last reply
                                  0
                                  • theacharnian@lemmy.caT [email protected]

                                    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.

                                    S This user is from outside of this forum
                                    S This user is from outside of this forum
                                    [email protected]
                                    wrote on last edited by
                                    #250

                                    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 ..

                                    1 Reply Last reply
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                                    • W [email protected]

                                      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 he's making bank. If they respond with a boycott on anything American, especially digital services, things get bad.

                                      S This user is from outside of this forum
                                      S This user is from outside of this forum
                                      [email protected]
                                      wrote on last edited by
                                      #251

                                      Chlorinated chicken..?

                                      Is that as mouth-watering as it sounds?

                                      inenduringgrowstrong@sh.itjust.worksI 1 Reply Last reply
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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.

                                        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
                                        #252

                                        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.

                                        1 Reply Last reply
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                                        • B [email protected]

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

                                          sensiblepuffin@lemmy.funami.techS This user is from outside of this forum
                                          sensiblepuffin@lemmy.funami.techS This user is from outside of this forum
                                          [email protected]
                                          wrote on last edited by
                                          #253

                                          In a just world, Trump would still be sitting here, wondering where his daughter is.

                                          1 Reply Last reply
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