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.
I don’t think this is a generational thing, personally, unless we’re talking about the Boomers.
The Boomers took a vibrant, beautiful world and spent two generations driving it into this McDonaldized hellhole we live in, after reaping the benefits of the most prosperous economic period for workers in our history in the 1960’s. They’re still profiting now thanks to the lopsided tax policies that favor people with wealth.
The vast majority of the country only has one or two choices when shopping for necessities now, so I can’t really blame them for the world that they were born into. Calling young people consumerist is just blaming them for circumstances of which they had no real control.
What? Have you heard the music they listen to? Gucci this, versace that. Have you seen the celebrities they look up to? Gold chains this, expensive tattoos that. Don’t even get me started on the cars that cost more than my house.
Just try suggesting to them that delivery apps are scams or that they can be getting most of their digital entertainment for free and see what reactions you get.
No, they are proud consumers doing their part to keep the disparity in wealth growing.
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.
Exactly
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.”
lol you sound like such a boomer
Yeah. That’s rhetoric people like you have been fed to justify your consumerism.