Terrified Trump flees tariffs war after CEOs’ ‘empty shelves’ warning
Terrified Trump flees tariffs war after CEOs’ ‘empty shelves’ warning
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.
but he isnt reversing any tariffs? he must be really obsessed with them.
It's a simplistic solution and he's simpleminded, so it's hard for him to let go of it since all the other approaches are harder.
He's been obsessed with it since the 1980s.
yea i know, and conveniently thats around the time the soviet union starting working with him, laundering money through his real estate.
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.
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.
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.
Spinless dipshit reverses course when confronted with consequences. More on this at the top of the hour...
That's actually newsworthy for Trump.
Agreed.
Normally he would just shit his daiper even more aggressively.
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.
They want their business plot 2.0.
consequences are for progressives
But Kennedy was a liberal. They don't assassinate their fellow conservatives.
It's because he's still fighting for them, albeit a dumb fuck, he's not fighting them
I hope the repercussions land on Trump and his cronies, and but just on this particular show of global bullying around tariffs.
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.
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.
you know, people remember things.
except actual americans... we can't seem to remember shit past that last 20 second tiktok thing
You talk as though trusting the USA is a good thing, something to be regained. The U.S. is and always has been a genocidal, slave-owning, patriarchal oligarchy that masquerades as a "democracy". I am actually quite happy to see tRump destroy the U.S. standing in the world, he has done more to destroy the evil empire in 4 months than anyone else in its entire history. It truly is a glorious thing.
If the track record of Republicans who ever got reprimanded, faced consequences or were jailed says anything for you...
Trump is going to get away with all of this. He's been impeached twice. He's a convicted felon. He's going to die comfortably somewhere while his shitstain heirs will try to retake what they feel is "rightfully theirs" which is positions of power.
Republicans will destroy, destroy and destroy. We get Democrats who come in, clean up some of the mess but strangely make you wonder why they hadn't cleaned up all of it. Besides slow moving and how long it takes to build. They aren't going to outright oust corrupt people as they should for the damage they caused. They only are somehow retained. People thought DeJoy was going to be thrown away when Biden got in, nope, he remained and got to comfortably step down. Just as an example.
The wonderful fucking political circus at work.
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.
I look forward to the new gender neutral bathroom
Instructions very clear. Stocking up on empty plastic bottles.
Gives a whole new meaning to pouring one out. I'd so, so happily pour a bottle of piss on Trump's grave.
I'm not even kidding. I will wear a damn MAGAT hat if it gets me close enough to do it. I'm also not going to just hit grass, that masoleum/tombstone is gonna smell like piss.
Looks like someone's supervisor actually stepped in on something.
He's so useless!
We've KNOWN he's useless!
Get RID OF THIS GUY he SUCKS
How about in 3 years and 8 months we have an election and every one can vote for Nancy Pelosi who has Dick Cheney as her running mate?
It’s like that t.rex scene in Jurassic Park. It got really scary, there was plenty of damage, but it all worked out in the end. Peak entertainment. 🍿
Well, except if you’re that one guy who got eaten alive. I guess Americans might feel like that.
... Were you dropped on your head as a child?
I’m kinda curious, which part you found so offensive?
