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.

    • chaosCruiser
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      7 hours ago

      I’m kinda curious, which part you found so offensive?

      • madjo@feddit.nl
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        20 minutes ago

        Odd that you thought that sp3ctr4l was offended by your comment, was that your intention? To offend people?

      • sp3ctr4l@lemmy.dbzer0.com
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        4 hours ago

        … I mostly found your comment pitiable, not offensive.

        As in, your metaphor is so crass and demonstrates such a fundamentally unserious approach to understanding reality, that it barely even registers as offensive, and immediately transcends into pity.

        If you think this is some sort of… brush off your hands, phew, glad we made it out of that! type situation… if you think the suffering is over, disproportionately for Americans but also for the rest of the world…

        This conveys to me that you have an extremely naive and simplistic grasp of how history moves, how international relations work, how fascism works, how economics works… etc.