Terrified Trump Flees Tariffs War After CEOs’ ‘Empty Shelves’ Warning
www.thedailybeast.com
The president sounded much more conciliatory after he was told about the chaos his plans could bring.

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.

  • futatorius@lemm.ee
    1·
    18 hours ago

    As an American, Americans have no business condemning other nations

    Yeah, yeah, because there is absolutely no difference in degree between some of the heinous shit the US has done and that practiced on a daily basis by mafia states like Russia, or totalitarians like the jolly old USSR.

    Two things can both be bad. And one instance of something bad can be worse than another. That’s nuance. Binary thinking is barely thinking at all.

    I have friends who emigrated from Russia in the late 1970s. None of them said that things were worse in the US, despite the US’s many problems.

    Having said all that, I agree we have to “clean our fucking house up,” though that might not mean the same thing to you that it does to others.