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.

  • tacosplease@lemmy.world
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    23 hours ago

    As a struggling American, I hope so too. The fucking rural parts of the country need to feel the suffering and understand exactly what caused it.

      • Manifish_Destiny@lemmy.world
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        7 hours ago

        Pain is real when it’s right in front of you.

        Don’t forget how dumb the average person is.

        If they get what they want, they typically stop complaining about what happens to everyone else.