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.
wait til summer hits, when people arnt seeing vacationers going to usual tourist states and combined with the tariffs.
Northern Americans are already feeling the crunch from Canadians not showing up and cancelling trips. Makes the news here on the regular.