this post was submitted on 03 Apr 2025
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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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[–] [email protected] 30 points 18 hours ago (3 children)

Trump's government has made the US a village idiot - and if the idiot gets into a fight with the whole village, the idiot will have more bruises.

Why he does that - I don't pretend to understand.

[–] [email protected] 13 points 8 hours ago (1 children)

He's preparing for an authoritarian takeover.

Almost every dictator in history enacted massive tariffs so they had a way to control the economy. Loyal businesses are given tariff exemptions while all the other ones are suppressed. That's what Mussolini did, that's what Putin did and now it's what trump does.

I'll wonder if that "we need guns to defend ourselves against an oppressive government" statement was true.

[–] [email protected] 4 points 6 hours ago (1 children)

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 ☠️.

[–] [email protected] 1 points 49 minutes ago

And the United States won in Vietnam.

[–] [email protected] 3 points 6 hours ago

The village idiot has more guns than the whole village together. So I'm not sure he will accept the bruises.

[–] [email protected] 9 points 17 hours ago

He's trying to destroy the country. Amassing as many bruises as possible is the point.