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.
There is simple logic in it. Punish everyone, and then let them come to you asking for exemptions. Then he can demand things in exchange. After that it’s “Pray I don’t alter the deal any further.”
UK already asked for an exemption and he said they should buy chlorinated chicken first. If every country responds in the same way and gives in he’s making bank. If they respond with a boycott on anything American, especially digital services, things get bad.
Well if hes following Project 2025, which it seems based on recent comments by Elon Musk, then hes expecting other countries to remove all tariffs first. As you say, chlorinated chicken, but if you dont then you dont get to sell your healthy chickens to America, and all that money you owe thats denominated in USD becomes very hard to acquire.
Maybe the better option is to allow it but to label it with its harmful chemicals, let the free market decide, in a kind of democratic process of people determining their own marginal utility versus budget constraints. You can still buy cigarettes in the UK and Europe as well, so whats a bit of American chicken versus a lifetime of smoking?
Then next Trump would just threaten with tariffs again until the labeling had been removed. Then he’ll threaten again for their oversized cars. There won’t be an end to this.
Chlorinated chicken…?
Is that as mouth-watering as it sounds?
For when your food grows up in so much squalor that you need to dip them in chlorine to fake the bacterial culture tests.
Oh no.
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.
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.
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 ☠️.
And the United States won in Vietnam.
He’s trying to destroy the country. Amassing as many bruises as possible is the point.
The village idiot has more guns than the whole village together. So I’m not sure he will accept the bruises.
Until nukes start flying. I pray every day for the light of a thousand suns. We deserve it.
Vlad Vexler makes the point that the point of is not at all economics but that it does have a basis in logic: it is about asserting that he can do this, that his political power is above economic rationality. It is a political move, not an economic play.
It’s also chaos.
He’s making it so nobody can even trust their own country or economy.
You just have to listen and trust him and Trump will make it right …
Dead horse economics:
Wake up you lazy horse!
Someone asked chatGPT how to apply tariffs to give America an equal playing field and it spit it a formula that looks shockingly similar to how trump calculated the tariffs
Try grok and you’ll get an exact match.
You know what’s fun? Cancelling stuff and citing the reason as ‘tariff-related inflation’. It’s too new and there is no response script yet, so customer service doesn’t really argue.
UK and Italy are playing Trump’s game. He doesn’t negotiate. He demands tribute and only honours agreements if they are a win for him and he feels like honouring it at the time. Canada has a Trump negotiated trade agreement - the best agreement ever, in his parlance. It is apparently not worth the paper it is written on.
Countries must negotiate trade agreements - with everyone except the USA. And citizens must support their countries by not purchasing any thing from the USA. As for the few Americans that didn’t vote for Trump, so sorry but your fellow Americans still fully support him. So it isn’t “just Trump”, it is America that is the problem. Trump is simply reflecting who the majority of Americans really are.The point is to make China the new boot on the throat of the human race instead of the US
I hate the fact that you are correct.
no. the US is still the boot
That’s why they installed a Russian asset as president and why he has been destroying the US’s global influence and economy for the last 3 months.
Can we stop winning already? I’m tired of winning so much.
Trump basically ran his mouth, realized he had to drop something, whipped some crap together, took a dump in the living room and left for the golf field… exactly what MAGAtards wanted, hope you are enjoying it
what an absolute bafoon. so devoid of thoughts
buffoon
Trump is not buff.
Definitely not. Nor is he a small, pixie like creature
Because Trump is getting demented. This is all his idea
This thumbnail looks like the shittiest ‘Soulsborne’ Boss. Ever. Like, worse than Patches. Limping; anaemic.
Rip my year-old IRA
Gold has held up well with new all time highs. You really can’t challenge the classic.
