Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturn

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.eeEnglish
    64·
    21 hours ago

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

          • FlashMobOfOne@lemmy.worldEnglish
            418·
            19 hours 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.worksOPEnglish
              111·
              18 hours 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