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)

Thank you! Neither the BBC nor the Flemish public tv seem to say this yet (they just repeat the statement Trump gave)

  • source
  • parent
  • hideshow 1 child comment
  • [–] 14 points 1 year ago

    This is the only person I have seen say this so I can only guess no one is repeating it but it appears to be correct when I checked a few countries.

    Its fucking insane to think Cambodia has a 97% tariff, and he thinks they are getting rich off of it.

  • source
  • parent