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.
Putting tariffs on Norfolk Island and Heard and McDonald Islands are particularly funny considering Heard and McDonald Islands only has penguins living there lol.
Those penguins are trying to rip off America! It’s about time they pay their fair share
I’ve never once heard a penguin say thank you.
Those slovenly penguins dont wear suits, either.
penguins like cheetos. i remember that uh… ‘documentary’. we should send 'em a big giant fat one. no charge. just to say ‘sorry’ for imposing the unfair tariffs on their trade.
Yo this motherfucker put tariffs on Antarctica?!!
Heard Island.jpgOops, wrong one. Still close.