this post was submitted on 23 Apr 2025
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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.

(page 2) 50 comments
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[–] Medic8teMe@lemmy.ca 1 points 6 days ago
[–] Jaysyn@lemmy.world 291 points 1 week ago* (last edited 1 week ago) (3 children)

That's what fascists do when you stand up to them.

[–] Frozengyro@lemmy.world 64 points 1 week ago (4 children)
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[–] DrFistington@lemmy.world 180 points 1 week ago (6 children)

Spinless dipshit reverses course when confronted with consequences. More on this at the top of the hour...

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[–] flop_leash_973@lemmy.world 137 points 1 week ago* (last edited 1 week ago) (7 children)

Nothing says "I am the master of making a deal" like having to back off of nearly all of them every time anyone calls your bluff.

I'll never see how so many think Trump is one of the smartest people in any room.

He's a slumlord, just like his father. It is just unfortunate that the entire country will be his shitty government housing block by the time he gets done with it.

[–] Phoenicianpirate@lemm.ee 2 points 6 days ago

People have been calling him the biggest blowhard in the world since he got his first start in the 1970s. Enough people believe him for him to be relevant, sadly.

[–] CileTheSane@lemmy.ca 60 points 1 week ago (8 children)

I'll never see how so many think Trump is one of the smartest people in any room.

"He's rich so he must be smart. You have to be smart to get that rich. This must all be part of the plan for the smart rich guy."

Mix that in with a 'Just World Fallacy' (Good people succeeded and bad People fail. Therefore anyone who has as much wealth and power as Trump must be a good person worth listening to) and you have the people who support Trump.

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[–] doug@lemmy.today 99 points 1 week ago (5 children)

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.

[–] futatorius@lemm.ee 1 points 6 days ago (1 children)

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

[–] doug@lemmy.today 1 points 5 days ago* (last edited 5 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.

[–] samus12345@lemm.ee 71 points 1 week ago (1 children)

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

[–] whyguy@lemmy.blahaj.zone 1 points 6 days ago
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[–] Zero22xx@lemmy.blahaj.zone 92 points 1 week ago (22 children)

now denying plans to fire Powell

As an outside observer, one of the funniest things about Trump (and this whole crowd actually) is the amount of just denying things that they do. There is never a single time that they admit fault or the capability to learn and improve. Drunkard clowns like Hesgeth have to be dragged out kicking and screaming for something to be rectified, at which point they'll just go "Uh, well anyway, here's the next guy, he's going to be great! Tremendously bigly!"

Elon didn't do that famous hand gesture that we all saw him do twice in a row. Fox News guy didn't use a 3rd party app for a top secret war chat and didn't include a journalist in the group. Trump didn't apply those tariffs or throw unhinged temper tantrums on social media. It's all just the fake news librul agenda trying to discredit these fine upstanding members of society as usual. And if it's true - onto the next thing. How about that woke agenda amirite?

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[–] pageflight@lemmy.world 81 points 1 week ago (3 children)

I hope the repercussions land on Trump and his cronies, and but just on this particular show of global bullying around tariffs.

[–] gravitas_deficiency@sh.itjust.works 109 points 1 week ago (18 children)

The thing is that real damage has already been done. Trust that was built over the course of - without exaggeration - most of a century has been squandered by imbecilic and ham-handed “move fast break things” tactics. Trust is very fickle, and the gain/loss dynamic is completely asymmetrical: it takes ages to build, but can be destroyed in an instant. And the recovery phase is always going to be slower than the initial build, and it generally doesn’t ever reach as high as was before the initial betrayal, because, you know, people remember things.

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[–] Allonzee@lemmy.world 66 points 1 week ago* (last edited 1 week ago) (1 children)

China should tell us they'll drop their tariffs by 20% a month until gone barring further impulsive fuckery to dissuade further infantile American shenanigans.

As an American, someone's got to be the geopolitical adult in the room, and we don't qualify.

[–] Jax@sh.itjust.works 47 points 1 week ago (63 children)

Why would China do anything that helps us pick ourselves up and onto our feet? This is the goal they and Russia have been working towards for decades.

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[–] chiliedogg@lemmy.world 56 points 1 week ago (6 children)

China shouldn't give a femtometer.

Restrict exports to the US until all tarrifs on Chinese goods are lifted. And even then, tarrif US exports just a bit just as a Find Out gesture.

Make it clear that Trump gains absolutely nothing for all this. Not even a little 1% he can claim as a minor victory. Humiliate him in the eyes of the world and expose him for the worthless negotiator he is.

[–] alekwithak@lemmy.world -3 points 6 days ago (1 children)

I fully agree but also stfu I'm trying to exist here!

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