President Donald Trump announced sweeping global tariffs Wednesday evening. A 10 percent tariff on nearly all imports is paired with steep tariffs on dozens of other countries, including China, Vietnam, Japan, and remote, uninhabited islands primarily home to penguins.
To be clear, the costs of tariffs are primarily picked up by U.S. businesses, which can then pass on that cost to consumers. The stock market has plummeted amid serious concerns of a recession, and, in short, the U.S. economy is spiraling downward.
But hey, at least we’ve got memes. After the announcement, the tariffs were pretty much all the internet could talk about. Here are nine of the best responses, memes, and reactions.
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