Summary

Trump had to reverse his aggressive tariff rhetoric after CEOs from Walmart, Target, and Home Depot warned of empty shelves and higher prices due to supply chain disruptions.

Investors reacted negatively to his threats against Fed Chair Jerome Powell, prompting a market sell-off.

Trump backtracked, expressing optimism on a China trade deal and now denying plans to fire Powell.

Global markets remain volatile, and the IMF cited Trump’s trade war as a “major negative shock” to global growth.

  • flop_leash_973@lemmy.world
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    28 days ago

    Nothing says “I am the master of making a deal” like having to back off of nearly all of them every time anyone calls your bluff.

    I’ll never see how so many think Trump is one of the smartest people in any room.

    He’s a slumlord, just like his father. It is just unfortunate that the entire country will be his shitty government housing block by the time he gets done with it.

    • Ledericas@lemm.ee
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      28 days ago

      Trump just allowed Republicans to be racist and bigoted out in the open without censure. They saw how trump doesn’t get much flak for his bigotry

    • Phoenicianpirate@lemm.ee
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      27 days ago

      People have been calling him the biggest blowhard in the world since he got his first start in the 1970s. Enough people believe him for him to be relevant, sadly.

    • finitebanjo@lemmy.world
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      27 days ago

      I wish he reversed his “deals” but it looks like he’s only reversing on China? So a big “fuck you” to american manufacturing while also helping our number 1 enemy.