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%

  • LarmyOfLone@lemm.eeEnglish
    0·
    4 months ago

    Ironically crashing the economy is one of the best things you can do to slow down climate change

    • Bytemeister@lemmy.worldEnglish
      0·
      4 months ago

      Wrong.

      The best things you can do are invest in green energy and energy storage projects, create polices that cap (and actually punish) carbon emissions, upgrade to more efficient infrastructure… All things that take money, a functional government and a functional economy.

      What we learned from COVID, is that crashing the economy does not really slow down climate change, it just hits the pause button for a little bit, and then it resumes at the same or greater speed.

      • LarmyOfLone@lemm.eeEnglish
        11·
        4 months ago

        Just a silly joke of course. Gallows humor. In order to combat climate change you’d have to re-design how we live and work and our economic system and reset existing wealth inequalities, re-design and rebuild thousands of industrial processes, and change multiple systems that are in place. For example you’d at least have to:

        1. Ban advertising to reduce desire/demand for consumption
        2. Ban patents (at least in the current form) so industrial processes can be re-designed and rebuild without roadblocks
        3. Nationalize news and social media and turn them into a cooperative under the control of the workers there
        4. Invest into R&D for circular economy and development and regulation for long lasting appliances and goods that last decades with repair and maintenance

        Basically what we learned is that it’s practically impossible for humanity as a global civilization to stop climate change. Most people can’t even bear to think about the steps it would take.

        Of course, developing the technology for a sustainable circular economy for the basic needs (food, energy, education, building shelters, communication etc) is still worthwhile.