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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[–] 2 points 1 year ago* (3 children)

But tariffs are the only thing that actually forces companies to put the factories back to the USA. Or do you have a better idea?

I mean no... And, how about accepting that the US is no longer a manufacturer, and that's just fine in a global economy

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  • [–] 0 points 1 year ago (2 children)