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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[–] [email protected] 3 points 3 days ago* (last edited 3 days ago) (2 children)

Your point of view sounds a whole lot like the 2500 year-old history of blaming young people.

In reality, however, it's the Boomers who are largely responsible for the world we find ourselves in, not the 20 year-olds. Electing Reagan twice, by itself, was more harmful to American society and beneficial to consumerism than anything Gen Z has done.

[–] [email protected] 2 points 3 days ago
[–] [email protected] 1 points 3 days ago* (last edited 3 days ago)

Yes, boomers are responsible for what there generation did. We're responsible for what our generation is doing.

Don't misconstrue my criticism of the current youth as exoneration for the previous generations.

Like it or not, it's a lot easier to manipulate young people into spending their money than it is older people. This is directly related to the concept of consumerism and how the powers that b have convinced yet another generation to follow in their parent's footsteps of "those who have more deserve more, and those who have less deserve less."