The world reacts to Trump's sweeping tariffs: 'No basis in logic'
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I hope the EU reacts with something non-tariffy. Like forbidding US online platforms to serve ads and collect personal data, with severe punishments if they still do.
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Shortly after Trump’s announcement, the British government said the United States remains the U.K.’s “closest ally.”
I'm sorry TERF island, that's not gonna keep Trump from stabbing you in the back too.
It's heartbreaking, really.
The UK is like a kid who just got his face covered in mud by bullies, and goes "aren't my friends wonderful for playing with me?".
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ok, then...
i have a huge trade deficit with walmart.
i buy way more from them than they do from me ($1200-1500 a year vs $0); just like the u.s. buys more from many countries than those countries buy from the u.s.
like the leaky diaper's new
tariffsimport tax, i should charge myself a ridiculously high extra tax on purchases from walmart until they buy $1200-1500 a year of some mythical product from me to even out the 'unfair' imbalance?yea. that'll work.
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But arent all fiat currencies made up since there's no gold standard backing them.
If I can't pay my taxes with it, it isn't a real currency.
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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.
All the goods that Trump excempts from tarrifs is tipping his hand. If I were one of these countries like Taiwan where semiconductors are exempted, I would apply an export duty equal to the tarrif on other goods. If you want to tarrif me fine but you're going to have to commit.
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ok, then...
i have a huge trade deficit with walmart.
i buy way more from them than they do from me ($1200-1500 a year vs $0); just like the u.s. buys more from many countries than those countries buy from the u.s.
like the leaky diaper's new
tariffsimport tax, i should charge myself a ridiculously high extra tax on purchases from walmart until they buy $1200-1500 a year of some mythical product from me to even out the 'unfair' imbalance?yea. that'll work.
I think Trump doesn’t want to trade at all. He wants us to produce everything we need.
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I think Trump doesn’t want to trade at all. He wants us to produce everything we need.
Just like Mussolini.
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Just like Mussolini.
and see how well that turned out?
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and see how well that turned out?
I am getting a slight hint that that is exactly what Trump wants.
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Yes that would be amazing and a great stimulant for EU companies to start developing a competing platform of it's own (we have BeReal, Dailymotion, Medal and Dumpert, but they aren't very big AFAIK)
Having Non-US platforms would be nice, yes, But leaving the US-based ones without ad revenue and a shit-ton of users would be nice, too.
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and see how well that turned out?
One can only dream.
Joking there is no Resistenza in the USA. -
and see how well that turned out?
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If I can't pay my taxes with it, it isn't a real currency.
By that logic you don't think foreign currencies are real?
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If I can't pay my taxes with it, it isn't a real currency.
I pay my taxes with Euros so I guess Mericuhn Dollers are not a real currency
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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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Seems to be what a lot of the far right want. It's essentially what Brexit has done to us in the UK
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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.
He's got that dementia infused vindictiveness against the people who want him dead
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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.
no tariffs on russia, only sanctions?
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Lmao wat.
I’d ask if you’re serious, but I’m also sure you are.
Honestly, I was expecting this administration to be mind-numbingly stupid, but somehow they keep finding ways to surpass my expectations on that front on a daily basis. I’d be impressed if it wasn’t so catastrophic.
well, they can't even name a single country in ASEAN.
