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.
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.
Yes that would be amazing and a great stimulant for EU companies to start developing a competing platform of it’s own (we have BeReal, Dailymotion, Medal and Dumpert, but they aren’t very big AFAIK)
Having Non-US platforms would be nice, yes, But leaving the US-based ones without ad revenue and a shit-ton of users would be nice, too.
Why not both?
Advertising should just be illegal.
It gives an unfair advantage to those who already have an unfair advantage.
I recommend installing an addon called AdNauseam to block ads in addition to sending data that you’ve clicked them.
Please everyone. Try to understand that being a useful idiot is the norm these days. It’s what’s cool.
Nice mention of AdNauseam, here is a link:
https://adnauseam.io/
It’s based on uBlock Origin, so still state of the art in ad-blocking.
Someone needs to create plugins not to block data being sent, but to send inordinate amounts of trash data.
Make the whole system pointless.
or something ultra specific that is super easy to source from any other country, to exclusively hurt the american businesses
That was part of what went into how Canada chose the targets of out first rounds of counter-tariffs.
Product categories that we also make here, or can easily get elsewhere or can comfortably do without for an extended period of time.
That combined with a consumer led boycott of anything "made in the USA " and even staunch Republicans like Mitch McConnell are starting to push back against Trump.
We can only hope.