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.

  • doug@lemmy.todayEnglish
    100·
    15 days ago

    Kennedy was assassinated for less. This man has fucked with some higher powers’ money I’m surprised they haven’t ousted him for a canon slightly less loose, but I suppose he is quite the distraction.

    • samus12345@lemm.eeBannedEnglish
      70·
      15 days ago

      But Kennedy was a liberal. They don’t assassinate their fellow conservatives.

    • SCmSTREnglish
      41·
      15 days ago

      It’s because he’s still fighting for them, albeit a dumb fuck, he’s not fighting them

    • futatorius@lemm.ee
      1·
      13 days ago

      Ah, so you know the motive of Kennedy’s assassin(s)? Do tell, and provide evidence.

      • doug@lemmy.todayEnglish
        1·
        13 days ago

        You’re right, I shouldn’t have said it with such certainty, but I don’t think Oliver Stone’s movie took that many liberties/there’ve been a few papers on how much the movie made up for dramatic effect vs. what it didn’t.

        I used to take it all with a grain of salt, but seeing how brazen and desperate the right wing gets to hang onto their money today in broad daylight, I pretty much believe it.