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.
Who is going to invest many millions in setting up a business to make something when they have no idea what fuck-nugget will do next week that might fuck them over? Where are they going to source the raw materials when no one will want to trade those materials to a market that wants to fuck them over? How are Americans going to pay for these goods that will be more expensive than they are under the previous set up? This is abject stupidity that makes America poorer. There is no Eden at the end of this and Joe Public will bear the brunt of it.