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.

    • Taleya@aussie.zone
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      13 hours ago

      And bailed his citizanship the instant the US proved more likely to give him the easily manipulated press he wanted

    • Aussiemandeus@aussie.zone
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      10 hours ago

      I’m saying that Murdoch doesn’t work for Australians and our interests. He’s a lapdog of the US

      • futatorius@lemm.ee
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        7 hours ago

        Murdoch has never served the interest of any state. He has relentlessly pursued his agenda, which is to undermine the centrist quasi-democracies in English-speaking countries and to promote nationalist authoritarianism.