this post was submitted on 03 Apr 2025
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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.

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[–] Treczoks@lemmy.world 150 points 1 day ago (36 children)

I hope the EU reacts with something non-tariffy. Like forbidding US online platforms to serve ads and collect personal data, with severe punishments if they still do.

[–] wuzzlewoggle@feddit.org 88 points 1 day ago (26 children)

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.

[–] Cornelius_Wangenheim@lemmy.world 46 points 1 day ago (21 children)

You don't even have to go that far. Just adopt sane copyright laws, like copyright only lasting the life of the artist.

[–] ExtantHuman@lemm.ee 11 points 1 day 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?

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