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.

    • ubergeek@lemmy.today
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      5 hours ago

      I said “not as commonly as the other two”… The US has been engaged in myriad genocides, across the globe and domestically, as has Russia. China just does it less.

      I mean hell, China got their Uighurs genocide plan from the US’s post 9/11 “counter terrorism”.