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.

    • huquad@lemmy.ml
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      7 days ago

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

    • ExtantHuman@lemm.ee
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      7 days ago

      Yeah, but think about the grandchildren of the CEO who bought that IP from the artist‽

      Do you want them to starve have to work for a living?