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submitted 1 week ago by MicroWave@lemmy.world to c/world@lemmy.world

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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[-] cerement@slrpnk.net 241 points 1 week ago
[-] adarza@lemmy.ca 134 points 1 week ago

ok, then...

i have a huge trade deficit with walmart.

i buy way more from them than they do from me ($1200-1500 a year vs $0); just like the u.s. buys more from many countries than those countries buy from the u.s.

like the leaky diaper's new ~~tariffs~~import tax, i should charge myself a ridiculously high extra tax on purchases from walmart until they buy $1200-1500 a year of some mythical product from me to even out the 'unfair' imbalance?

yea. that'll work.

[-] danc4498@lemmy.world 31 points 1 week ago

I think Trump doesn’t want to trade at all. He wants us to produce everything we need.

[-] andallthat@lemmy.world 25 points 1 week ago

the "logic" is pretty much as you described it. Only, after charging yourself with the extra tax on Walmart purchases, you obviously can't afford Walmart any longer, so you learn to make your own soap with ash and the fats of animals that you have started breeding in your own flat.

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[-] joostjakob@lemmy.world 26 points 1 week ago

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

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[-] Treczoks@lemmy.world 122 points 1 week ago

I hope the EU reacts with something non-tariffy. Like forbidding US online platforms to serve ads and collect personal data, with severe punishments if they still do.

[-] wuzzlewoggle@feddit.org 58 points 1 week ago

I recently read an article that suggested the best retaliation would be to stop enforcing US intellectual property in the EU. One of the biggest exports they have is media, if we would stop enforcing their copyright it would cost them a lot of money.

[-] Cornelius_Wangenheim@lemmy.world 29 points 1 week ago

You don't even have to go that far. Just adopt sane copyright laws, like copyright only lasting the life of the artist.

[-] huquad@lemmy.ml 20 points 1 week ago

Thats still too long imo. Patents are 20 years, so should every IP protection.

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[-] ray1992xd@feddit.nl 30 points 1 week ago

Yes that would be amazing and a great stimulant for EU companies to start developing a competing platform of it's own (we have BeReal, Dailymotion, Medal and Dumpert, but they aren't very big AFAIK)

[-] Treczoks@lemmy.world 18 points 1 week ago

Having Non-US platforms would be nice, yes, But leaving the US-based ones without ad revenue and a shit-ton of users would be nice, too.

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[-] Sludgehammer@lemmy.world 92 points 1 week ago

Shortly after Trump’s announcement, the British government said the United States remains the U.K.’s “closest ally.”

I'm sorry TERF island, that's not gonna keep Trump from stabbing you in the back too.

[-] ByteJunk@lemmy.world 25 points 1 week ago

It's heartbreaking, really.

The UK is like a kid who just got his face covered in mud by bullies, and goes "aren't my friends wonderful for playing with me?".

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If I was Prime Minister, I'd impose a retaliatory tariff of 9000% just because it's all just this stupid.
Call it the Goku tariffs, but drag it out over an hour or two with a lot of screaming.

[-] Tempus_Fugit@midwest.social 57 points 1 week ago

Wouldn't it have to be 9001%?

[-] Iheartcheese@lemmy.world 25 points 1 week ago
[-] InvertedParallax@lemm.ee 14 points 1 week ago

Power levels are bullshit.

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[-] SarcasticMan@lemmy.world 25 points 1 week ago

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.

[-] justsomeguy@lemmy.world 14 points 1 week ago

PEOPLE OF THE UK!

I NEED YOUR ENERGY TO CHARGE THESE TARIFFS! AHHHHHHH \o/

[-] N0body@lemmy.dbzer0.com 78 points 1 week ago
  1. Order tariffs
  2. Make everything more expensive for everyone everywhere
  3. Piss off the entire world and invite countermeasures
  4. ??????????????
  5. MAGA
[-] falkerie71@sh.itjust.works 77 points 1 week ago

Putting tariffs on Norfolk Island and Heard and McDonald Islands are particularly funny considering Heard and McDonald Islands only has penguins living there lol.

[-] Aurenkin@sh.itjust.works 38 points 1 week ago

Those penguins are trying to rip off America! It's about time they pay their fair share

[-] jaybone@lemmy.zip 26 points 1 week ago

I’ve never once heard a penguin say thank you.

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[-] SGforce@lemmy.ca 21 points 1 week ago* (last edited 1 week ago)

Yo this motherfucker put tariffs on Antarctica?!!~~Heard Island.jpg~~

Oops, wrong one. Still close. Heard and McDonald Islands world heritage area

[-] cerement@slrpnk.net 34 points 1 week ago

also a 10% tariff on the joint US military base at Diego Garcia …

Lmao wat.

I’d ask if you’re serious, but I’m also sure you are.

Honestly, I was expecting this administration to be mind-numbingly stupid, but somehow they keep finding ways to surpass my expectations on that front on a daily basis. I’d be impressed if it wasn’t so catastrophic.

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[-] dryfter@lemm.ee 74 points 1 week ago

"No basis in logic"

No shit, this whole administration has no basis in logic. Just look at Project 2025 and the progress they've made on it in a little over 2 months.

[-] Sludgehammer@lemmy.world 68 points 1 week ago

and the price of bitcoin dropped 4.4%.

I cannot express how much I hate that this appears in a serious economic article.

[-] 13igTyme@lemmy.world 27 points 1 week ago

You don't like hearing about made up currency with no backing that's primarily used for pump and dump schemes and money laundering?

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[-] barneypiccolo@lemm.ee 60 points 1 week ago

Have we forgotten that he has done this each month since he was Inaugurated?

Today the stock market will crash on this news. The wealthy will buy on this massive dip, and in a few days, HitlerPig will announce that the countries on his list have responded to his tariff threats, so he is postponing them for a month or so.

The stock market will recover a bit, and the wealthy will make a fortune. In a month, he'll do it all over again.

It's deliberate market manipulation.

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[-] Aurenkin@sh.itjust.works 42 points 1 week ago

All the goods that Trump excempts from tarrifs is tipping his hand. If I were one of these countries like Taiwan where semiconductors are exempted, I would apply an export duty equal to the tarrif on other goods. If you want to tarrif me fine but you're going to have to commit.

[-] b161@lemmy.blahaj.zone 42 points 1 week ago

They’re AI generated tariffs. He asked Grok and these are the numbers it spat out.

[-] Zaraki42@lemmy.ca 28 points 1 week ago

He's imposing tariffs on uninhabited islands... what a fucking moron...

[-] b161@lemmy.blahaj.zone 43 points 1 week ago
[-] HeliumFalcon@lemm.ee 20 points 1 week ago

McDonald's fucked up his order recently which is why their island received tariffs.

He's going to get free hamberders for life when they cave.

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[-] Litebit@lemmy.world 33 points 1 week ago

no tariffs on russia, only sanctions?

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[-] msage@programming.dev 30 points 1 week ago

What about Israel? Aren't they sucking you dry? Perhaps add some tariffs there?

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[-] Wytch@lemmy.zip 29 points 1 week ago

Oh, do you guys think he might be a stupid maniac gosh

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[-] Aurenkin@sh.itjust.works 26 points 1 week ago

No basis in logic is a nice summary of the Trump administration in general.

[-] WanderingThoughts@europe.pub 25 points 1 week ago

Of course there is logic, but not the logic most politicians want to admit. This is simply:

"Nice global economy. It would be a shame if something happened to it. Maybe we can come to an understanding, and this whole tariff thing goes away. You do want free trade, don't you?"

[-] ThraawnSolo@lemmy.dbzer0.com 22 points 1 week ago

Is the plan to isolate us?

[-] MrScottyTay@sh.itjust.works 17 points 1 week ago

Seems to be what a lot of the far right want. It's essentially what Brexit has done to us in the UK

[-] charade_you_are@sh.itjust.works 20 points 1 week ago* (last edited 1 week ago)

He's got that dementia infused vindictiveness against the people who want him dead

[-] bitjunkie@lemmy.world 18 points 1 week ago

No basis in logic if he were actually trying to do what he says he is. He's not. They make perfect sense if the goal is to destabilize the country. We elected a fucking Manchurian candidate twice, and the in-between term was spent on a bunch of business as usual and not setting up protections in case it happened again. This country is fucking done.

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[-] givesomefucks@lemmy.world 17 points 1 week ago

It's illogical to expect an illogical man to act logically.

Someone like trump needs hit first to avoid a confrontation.

[-] Naevermix@lemmy.world 16 points 1 week ago

Art of the deal, folks

[-] Azwing@lemmy.world 14 points 1 week ago

Dumb man does dumb thing he considers a race and insists he won.

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this post was submitted on 03 Apr 2025
646 points (99.1% liked)

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