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.

you are viewing a single comment's thread
view the rest of the comments
[–] 28 points 1 year ago (1 child)

Call a press conference, build up to announcing the 9000% tariff but then end the conference promising to come back next week and make the announcement.

  • source
  • parent
  • hideshow 2 child comments