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.

    • ExtantHuman@lemm.ee
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      17 days ago

      Everything done with skill is art. From Citizen Kane to the design of a candy wrapper.

      • Comtief@lemm.ee
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        16 days ago

        Sure, but that wording becomes detrimental when you only expect high-quality things because that’s what you associate with art, forgetting that there is also entertainment that doesn’t need to be high quality necessarily.