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.

  • wuzzlewoggle@feddit.orgEnglish
    90·
    17 days 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.

      • huquad@lemmy.mlEnglish
        331·
        17 days ago

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

          • huquad@lemmy.mlEnglish
            3·
            16 days ago

            Exactly. Especially when you figure in the longer scale up time with an invention. You can’t just flip a switch and start making money.

      • ExtantHuman@lemm.eeEnglish
        11·
        17 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?

    • LavaPlanet@lemm.eeEnglish
      6·
      17 days ago

      I think a lot of that kind of stuff is going to happen. I don’t think other countries are insulted, as much as they find it ridiculous, and to be ridiculed, I think they’re going to do some inventive chaos. I think we need to be building some world bingo cards, and I’ll bet we won’t guess all the (hopefully hilarious) petty revenges about to snowball.

    • samus12345@lemm.eeEnglish
      4·
      17 days ago

      Official EU website hosting American-made media for a nominal fee. Can’t tariff data!

    • Treczoks@lemmy.worldEnglish
      1·
      17 days ago

      Of that I am not convinced. This will work with a lot of smaller countries that don’t have much of a copyright portfolio, but not with Europe.