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 3) 50 comments
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[–] DrFistington@lemmy.world 180 points 2 days ago (4 children)

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

[–] entwine413@lemm.ee 40 points 2 days ago (2 children)

That's actually newsworthy for Trump.

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[–] doug@lemmy.today 99 points 2 days ago (6 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.

[–] samus12345@lemm.ee 73 points 2 days ago (1 children)

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

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[–] UltraGiGaGigantic@lemmy.ml 10 points 1 day ago

They want their business plot 2.0.

[–] Stamau123@lemmy.world 23 points 1 day ago

consequences are for progressives

[–] SCmSTR@lemmy.blahaj.zone 41 points 2 days ago* (last edited 2 days ago)

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

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[–] Allonzee@lemmy.world 66 points 2 days ago* (last edited 2 days 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 2 days ago (2 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.

[–] slickgoat@lemmy.world 46 points 2 days ago (43 children)

Nah-uh. No blaming China or Russia on this one. The United States did this squarely to themselves with the world pleading otherwise. They inserted their own head in the vice and started spinning the handle.

Sure, it aligns with the communist block's benefit, but the US really needs to be held accountable for its own idiocy on this one. Its the first step in recovery.

[–] Tiger666@lemmy.ca 11 points 1 day ago (4 children)

What "communist" block are you talking about? Is this 1989?

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[–] GoodEye8@lemm.ee 13 points 1 day ago (3 children)

I'm starting to feel like this is a controversial opinion, but maybe the American people should be the ones holding their own government accountable? Interventionism is the worst way to fix a country and I very much doubt it even could be done for a country like America.

[–] SabinStargem@lemmy.today 6 points 1 day ago (3 children)

I am hoping the US splits apart, allowing the red states to destroy themselves. Conservatism is a cancer, and the condition would be easier to excise if it was a solid tumor.

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[–] Taleya@aussie.zone 13 points 1 day ago

It's been fucking wild as a resident of a non-us country seeing some of the commentary coming up. We must radical empathy! How dare other countries take advantage of X Y or Z? The shoe is on the other foot, and by GOD is it a problem if anyone but the US starts doing what the US has been doing to everyone else on the planet my entire freakin' life

We all know they're propaganda riddled exceptionalists but goddaaaamn. Need to learn to accept cause, effect and consequence

[–] CileTheSane@lemmy.ca 22 points 1 day ago (2 children)

Trump provided China an excellent excuse to start a trade war and look like the heroes while doing it. This is absolutely Trump's fault, but China has no reason to not take full advantage of it.

[–] slickgoat@lemmy.world 18 points 1 day ago (5 children)

That's true. The US has been interfering in other country's domestic affairs for decades. Organising the odd coup, overthrowing elected leaders. Suddenly people are shocked to learn that it can work both ways.

A country with strong democratic institutions are pretty resilient to these tactics. You might not trust the politicians, but you trust the officials, the military and the courts.

It seems that the US has dismantled trust in these institutions for a long time. It has let corporations run the show. So Russia and China have an easier task.

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[–] pageflight@lemmy.world 81 points 2 days 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 110 points 2 days ago (14 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.

[–] BrokenGlepnir@lemmy.world 39 points 2 days ago (4 children)

But it's the kind of damage they can try to throw a blanket over, so his supporters can deny it. They'll never go to other countries, or understand the moments when that trust could have helped. They'll be detached until someone else is in charge (if it happens) then pull the blanket off to blame others. Like the past 40 years. The empty shelves though. That hits now, and people denying it won't be for long. They won't survive.

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[–] Wilco@lemm.ee 30 points 2 days ago (8 children)

We are going to hate this president until the day he dies, then many of us will be making plans on how to best piss on his grave. That's not a metaphor. Logistical discussions reveal that in order to avoid an indecent exposure charge a bottle must be used to hold and pour the piss.

[–] bluegreenwookie 9 points 1 day ago

I look forward to the new gender neutral bathroom

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