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.

  • wuzzlewoggle@feddit.org
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    1 day ago

    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.

      • huquad@lemmy.ml
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        1 day ago

        Thats still too long imo. Patents are 20 years, so should every IP protection.

          • huquad@lemmy.ml
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            32 minutes ago

            Exactly. Especially when you figure in the longer scale up time with an invention. You can’t just flip a switch and start making money.

      • ExtantHuman@lemm.ee
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        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?

      • lumony@lemmings.world
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        1 day ago

        Copyright and patent laws should just go away entirely.

        The amount of resources we spend enforcing them, just so we can spend more resources on the products themselves, could all be spent improving the lives of people who need it.

        Most great art doesn’t make much money anyways, barely more than a service job if you’re lucky. It’s the trashy-shit for low-standards morons that makes an egregious amount of money, like the marvel crap we keep seeing every year.

        I’d be fine with less marvel-crap in the world. It’ll make what we do get more impactful, and we can dedicate more resources to fewer, higher-quality products.

        • ExtantHuman@lemm.ee
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          1 day ago

          That’s a great plan for letting those mega corps steal from the little guy EVEN more than they already do

          • lumony@lemmings.world
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            1 day ago

            Not really.

            Corporations aren’t going to be making billions of dollars off of, say Photoshop, if copyright and patents laws didn’t exist.

            Same goes for hollywood movies.

            You’re peddling rhetoric that was put here by your oppressors so you will work against your own interests. Congratulations.

            • ExtantHuman@lemm.ee
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              1 day ago

              The entities with the established distribution networks will make the money, not the little guy who makes their own little story.

              If I write a little seld published novel, under your system, Hollywood can just take that story and make a movie of it without my permission. How is that better? You think more people pirating will take down these mega corps? Your system is chaos that’s even worse than the current model.

              • yetAnotherUser@discuss.tchncs.de
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                23 hours ago

                They can do so currently by making a couple of minor changes and settling for a pittance because your lawsuit would bankrupt you.

                “Chaos” is a better system than one benefitting corporations only.

                • ExtantHuman@lemm.ee
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                  15 hours ago

                  Why do so many people on the Internet default to a completely unnuanced worldview? Like there’s more than two diametrically opposed options that can be taken.

              • lumony@lemmings.world
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                22 hours ago

                Your dilemma essentially translates to “wahh, he stole my idea!”

                You’re also missing the forest for the trees, again. How is hollywood going to make an egregious amount of money off of ‘your’ idea without copyright and patent laws? Without them, piracy isn’t piracy. It’s just a normal and legal way of sharing media.

                Sad watching how hard you people go to bat for your oppressors, but it really puts into perspective why things are the way they are.

                The average person just can’t see past their conditioning or how hard they’ve been indoctrinated to support a system that works against them. In the words of Mark Twain, “it’s easier to fool a man than to convince him he’d been fooled.”

                • ExtantHuman@lemm.ee
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                  15 hours ago

                  By having the resources to create and distribute a product with polish.

                  Acting like you’re smarter than the people you’re talking to while missing the very obvious point that we’re not starting from nothing. Being pedantic about me referring to piracy by what it’s called now doesn’t change how impractical it would be to have no ownership at all of ideas. Why would anyone pay for content at all?

                  Your “solution” means no one can make a living doing creative things. The current system has flaws that can be fixed. “No system at all” is worse for literally everyone involved, both creators and consumers of said content.

                  You should stop publicly felating yourself over how unshackled your mind is, since this idea is so incredibly stupid.

                  • lumony@lemmings.world
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                    10 hours ago

                    By having the resources to create and distribute a product with polish.

                    Yeah, I’m going to ignore you after this. You’re too far behind and I can’t be arsed to bring you up to speed.

                    For everyone else, this commenter clearly doesn’t understand that without copyright and patent laws, hollywood won’t be able to restrict access to their content behind artificial scarcity. Anyone will be allowed to share their movies freely, which will have a direct impact on their bottom line.

                    This is why corporations like copyright and patent laws. It’s also another example of how useful idiots have been conditioned to work against their own interests and fight anyone who fights back.

          • ExtantHuman@lemm.ee
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            15 hours ago

            Everything done with skill is art. From Citizen Kane to the design of a candy wrapper.

            • Comtief@lemm.ee
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              9 hours ago

              Sure, but that wording becomes detrimental when you only expect high-quality things because that’s what you associate with art, forgetting that there is also entertainment that doesn’t need to be high quality necessarily.

    • samus12345@lemm.ee
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      1 day ago

      Official EU website hosting American-made media for a nominal fee. Can’t tariff data!

    • LavaPlanet@lemm.ee
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      1 day ago

      I think a lot of that kind of stuff is going to happen. I don’t think other countries are insulted, as much as they find it ridiculous, and to be ridiculed, I think they’re going to do some inventive chaos. I think we need to be building some world bingo cards, and I’ll bet we won’t guess all the (hopefully hilarious) petty revenges about to snowball.

    • Treczoks@lemmy.world
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      1 day ago

      Of that I am not convinced. This will work with a lot of smaller countries that don’t have much of a copyright portfolio, but not with Europe.