As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2.5tn (£1.9tn) was wiped off Wall Street and share prices in other financial centres across the globe.

World leaders from Brussels to Beijing rounded on Trump. China condemned “unilateral bullying” practices and the EU said it was drawing up countermeasures.

While Trump timed his Wednesday evening Rose Garden address to avoid live tickers of crashing stock markets, that fate arrived when Asian exchanges opened hours later.

  • @mooncake@lemm.ee
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    5916 days ago

    Trump is a walking disaster honestly he’s got to be the dumbest moron on the planet.

      • FlashMobOfOne
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        -2016 days ago

        What about the morons who ran a candidate with very public dementia?

          • FlashMobOfOne
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            -1716 days ago

            It’s not a good comparison, though, as Reagan could still publicly present as a cognitively-functioning person.

            Biden couldn’t. The June debate wasn’t the first time we’d seen his brain melt in public. It was just the worst.

            • @HellsBelle@sh.itjust.worksOP
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              16 days ago

              It is a good comparison … you just don’t like it because it doesn’t agree with your confirmation bias.

              Yet Reagan’s “Alzheimer’s Controversy” recently resumed, CBS News noted yesterday, after Ron Reagan suggested, in a just-released book, that the former president “may have shown signs of Alzheimer’s disease as early as three years into his first term.”

              In My Father at 100, Ron Reagan writes of a “growing sense of alarm over his father’s mental condition.” He recalls the presidential debate with Walter Mondale, October 1984, in which his father seemed lost and unable to articulate himself. In “Ronald Reagan had Alzheimer’s while president, says son,” a short piece on the fracas by the British Guardian, Ron Reagan is quoted as saying: “My heart sank as he floundered his way through his responses, fumbling with his notes, uncharacteristically lost for words. He looked tired and bewildered.”

              … Lesley Stahl, in another new book on Reagan, describes a visit with her family to the White House in 1986, ending her time as a White House correspondent. She writes,

              - "Reagan didn't seem to know who I was. He gave me a distant look with those milky eyes and shook my hand weakly. Oh, my, he's gonzo, I thought. I have to go out on the lawn tonight and tell my countrymen that the president of the United States is a doddering space cadet."
              

              https://www.psychologytoday.com/us/blog/side-effects/201101/when-did-reagans-first-signs-alzheimers-appear

    • @noride@lemm.ee
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      3316 days ago

      Or perhaps he does and simply isn’t being transparent with his true objectives for America. He did say everything was going to plan, after all …

      • @PointyReality@lemmy.world
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        16 days ago

        Nah pretty sure that’s him just not having the ability to even acknowledge its going to shit. Never admit defeat type of mentality.

      • @floofloof@lemmy.ca
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        16 days ago

        It’s always unclear whether he’s deliberately destroying the West in the service of Russia, or whether he’s just unwittingly destroying the West in the service of Russia. That’s his great mystique.

        Although by leaving Russia and only Russia out of these tariffs he may have just made himself a little less intriguing.

  • IninewCrow
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    3816 days ago

    The biggest take away I see from this is how easy it was to remove $2.5 trillion dollars … yet the world didn’t end.

  • @bravesirthomas@lemm.ee
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    2016 days ago

    I wouldn’t say all of them are in turmoil, the US markets have been hit about twice as hard. And most of my European stocks actually went up today.

    Lol

  • @Treczoks@lemmy.world
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    1516 days ago

    As long as American products are not competitive in international markets, be it because of price, quality, or marketability, there will always be a trade deficit.

    Just take cars. The US produces cars basically for the American market only. No other country produces or uses cars like that. But they all produce cars they like, that other countries like, and even Americans like.

    American car companies cannot expect to sell goods to other countries that simply have no markets in those countries.