Trump's tariffs send shivers across world markets as economists warn of recession risk
apnews.com
The U.S. president's move has provoked dismay and calls for further negotiations to make trade rules fairer.

Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

  • Phoenixz@lemmy.caEnglish
    15·
    1 day ago

    Well well well, we finally fell off the cliff, didn’t we?

    Starting a trade war with the entire world, easy to win, right?

    If the entire world reciprocates, which they will, you will literally wish you had just a recession to worry about. I wonder how Trump’s approval ratings will be about a month from now

    • gamer@lemm.eeEnglish
      12·
      1 day ago

      Trump doesn’t care about approval ratings. He has a “golden parachute” waiting for him and his buddies in Russia after he destroys America.

      • Bristingr@lemm.eeEnglish
        6·
        1 day ago

        I was gonna say until his usefulness ends and he mysteriously falls out of a 4th floor window, but he’s too fat and heavy to fall through one, so maybe just some plutonium in his diet coke