The World Reacts To Trump's Sweeping Tariffs: 'No Basis In Logic'
www.huffpost.com
“Nobody wants a trade war," said one British official.

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.

  • Sludgehammer@lemmy.worldEnglish
    731·
    3 days 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.worldEnglish
      20·
      3 days 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?”.

    • Jhex@lemmy.worldEnglish
      5·
      3 days ago

      The UK already shot themselves in the foot turning their back on the EU… they have no one left, they are done for