this post was submitted on 03 Apr 2025

1058 points (99.2% liked)

World News

45416 readers

3873 users here now

A community for discussing events around the World

Rules:

Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world

Recommendations

How to spot Misinformation and Propaganda

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

Consider including the article’s mediabiasfactcheck.com/ link

founded 2 years ago

MODERATORS

NewsAutoMod@lemmy.world

jordanlund@lemmy.world

Tenthrow@lemmy.world

little_cow@lemmy.world

lemmyAtom@lemmy.world

1058

The world reacts to Trump's sweeping tariffs: 'No basis in logic' (www.huffpost.com)

submitted 2 days ago by MicroWave@lemmy.world to c/world@lemmy.world

260 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] SGforce@lemmy.ca 25 points 2 days ago* (last edited 2 days ago) (1 children)

Yo this motherfucker put tariffs on Antarctica?!!~~Heard Island.jpg~~

Oops, wrong one. Still close. Heard and McDonald Islands world heritage area

[–] cerement@slrpnk.net 41 points 2 days ago (1 children)

also a 10% tariff on the joint US military base at Diego Garcia …

[–] gravitas_deficiency@sh.itjust.works 24 points 2 days ago (5 children)

Lmao wat.

I’d ask if you’re serious, but I’m also sure you are.

Honestly, I was expecting this administration to be mind-numbingly stupid, but somehow they keep finding ways to surpass my expectations on that front on a daily basis. I’d be impressed if it wasn’t so catastrophic.

[–] cerement@slrpnk.net 16 points 2 days ago

from Mastodon: “tariffs by ChatGPT”

[–] prole@lemmy.blahaj.zone 4 points 1 day ago

I saw someone here explain it well... That when you try to understand the depths of the idiocy, you get the same feeling you do when you try to comprehend the size of the universe

[–] Litebit@lemmy.world 9 points 2 days ago (1 children)

well, they can't even name a single country in ASEAN.

[–] gravitas_deficiency@sh.itjust.works 1 points 2 days ago

no, “Sean” is not a country in ASEAN. That is incorrect.

[–] CileTheSane@lemmy.ca 4 points 1 day ago (1 children)

Every time I think they're hiring rock bottom they bring out stronger drills.

[–] gravitas_deficiency@sh.itjust.works 2 points 1 day ago

That’s a hilariously apt analogy. Drill baby drill! 🫠

[–] barneypiccolo@lemm.ee 4 points 2 days ago (1 children)

I've heard that if you type in the right prompt into ChatGPT, this list is the result. They couldn't even be bothered to have an expert figure this out, or even souble check it before releasing it. So they end up putting tariffs on penguins.

[–] gravitas_deficiency@sh.itjust.works 8 points 2 days ago (1 children)

From the article you’re probably referring to:

DCInvestor’s observation came in response to crypto trader Jordan Fish, also known as Cobie, who also asked ChatGPT using the prompt: “What would be an easy way to calculate the tariffs that should be imposed on other countries so that the US is on even playing fields when it comes to trade deficit. Set a minimum of 10%.”

A straightforward (if naïve) method is to set the tariff rate for each trading partner equal to the percentage share of the trade deficit relative to that country's total imports-always no less than 10%.

In formula form:

Tariff Rate (%) = max(10, (Trade Deficit ÷ Total Imports) x 100)

For example, if the US runs a $20 billion deficit on $100 billion worth of imports from a country, the calculated rate is (20/100)×100 = 20%. If the deficit were only 5%, you'd still impose a 10% floor. This method ignores the intricate dynamics of international trade-such as elasticities, retaliatory measures, and supply chain nuances-but it provides a blunt, proportional rule to "level the playing field." One might implement it in Python like so:

def calculate_tariff(trade_deficit, total_imports):
  # Calculate the deficit ratio as a percentage
  ratio =(trade_deficit / total_imports) * 100
  # Enforce a minimum tariff of 10%
  return max(10, ratio)

# Example usage:
tariff = calculate_tariff(20e9, 100e9)
# $20B deficit on $100B imports yields a 20% tariff
print(f"The tariff rate should be {tariff}%")

We are defining trade policy with predictive text. What a time to be alive. Jesus tapdancing christ.

[–] barneypiccolo@lemm.ee 3 points 2 days ago (1 children)

The Sociopathic Oligarchs want to assign as much responsibility to AI as possible. Smart people are expensive, AI is cheap. That makes AI the better choice to run the world.

[–] gravitas_deficiency@sh.itjust.works 3 points 2 days ago

I look forward to building my retirement in a handful of years in the recovery phase of this exercise in abject idiocy (assuming there is, in fact, anything to recover)