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.

  • JohnnyFlapHoleSeed@lemmy.worldBannedBanned from community
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    1 year ago

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

  • doug@lemmy.today
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    1 year ago

    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.

  • pageflight@lemmy.world
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    1 year ago

    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
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      1 year ago

      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.

      • TooManyFoods@lemmy.world
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        1 year ago

        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.

          • dhork@lemmy.world
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            1 year ago

            But they don’t mind the pain, as long as they think it is hurting people they hate more.

        • JuxtaposedJaguar@lemmy.ml
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          1 year ago

          The reverse is also true: Trump/MAGAs took credit for the stock market gains when Trump was first elected, but then blamed Biden for the stock market crash after Trump took office.

          Basically MAGAs said that Biden ruined the economy but no one realized until after Trump started running the country. Schrödinger’s Recession, I guess.

      • tipicaldik@lemmy.world
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        1 year ago

        you know, people remember things.

        except actual americans… we can’t seem to remember shit past that last 20 second tiktok thing

      • asg101@lemmy.blahaj.zone
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        1 year ago

        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.

          • asg101@lemmy.blahaj.zone
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            1 year ago

            Oh no! A multi polar world, what will become of us if we don’t have big daddy USA (or actually the oligarchs that own and operate it) telling us all what to do? And what we can’t do, and who dies for their profit.

  • flop_leash_973@lemmy.world
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    1 year ago

    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.

    • CileTheSane@lemmy.ca
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      1 year ago

      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.

        • ddh@lemmy.sdf.org
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          1 year ago

          Way to entrench the status quo benefiting the rich. Get people to believe only the rich are smart and therefore worth listening to.

  • Allonzee@lemmy.world
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    1 year ago

    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
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      1 year ago

      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
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        1 year ago

        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.

        • Jax@sh.itjust.works
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          1 year ago

          Oh so we’re denying that Russia and China led disinformation campaigns squared solely at disrupting American politics for decades? Are we also ignoring the Murdochs from Australia?

          Just wanted to get that straight before I started saying whatever the fuck I want.

          • shawn1122@lemm.ee
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            1 year ago

            The embarrassing thing is a lot of that disinformation was shared on social media networks that were created in the US.

            Creating the tool that your enemy uses effectively against you is not a good look.

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            1 year ago

            Mate, the Murdoch’s? America’s lap dog newspaper moguls.

            They’re you’re mouth piece of shit trying to force Australia to be more like you sepppos

              • Taleya@aussie.zone
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                1 year ago

                And bailed his citizanship the instant the US proved more likely to give him the easily manipulated press he wanted

          • Allonzee@lemmy.world
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            1 year ago

            And they do it to their citizens too…

            …And we do it to other countries and we do it to our citizens.

            You can’t condemn another country for what we’ve been actively doing considerably longer than them having never stopped credibly. Our house is made of that candy glass they use in movies in this particular arena.

            The oligarchs and their increasingly captured government, including both parties, have been poisoning us against anything that isn’t hyper-capitalist greed enabling from the great depression to the McCarthy witch hunts into today. Very few Americans could define socialism or communism in any sense with a gun to their heads, but they’ve been misinformed into being filled with hate and/or dread when they’re uttered.

            Name one world superpower that doesn’t actively engage in mass disinformation campaigns both within and without, I’ll wait. I’d also argue that like our general military, we certainly spend the most on our global Orwell machine. Our CIA, along with the KGB, are the OG playbooks other nations refer to when doing it themselves.

            • Jax@sh.itjust.works
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              1 year ago

              How does that make any of it right? And how does it negate my point?

              So far you’ve said a lot of obvious things, none of which refute my point that this end is what Russia and China have been working towards.

              • Allonzee@lemmy.world
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                1 year ago

                I’m saying that you can’t credibly go “you… You fucking shot me! What the fuck?!” at someone who shot you because you shot them a few seconds prior to that.

                It doesn’t make it right. It’s wrong. But it’s also a non-sequitur for a serial killer to condemn another serial killer over the sanctity of life.

                As an American, Americans have no business condemning other nations about misinformation campaigns until we clean our fucking house up and provide reparations to those both within and without who were hurt by our misinformation campaigns.

                • Rhoeri@lemmy.world
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                  1 year ago

                  So what you’re saying is, because America’s government is doing shady shit, American citizens have no right to call out other countries for the shady shit they’re doing?

                  Since you like your weird conversational analogies, that’s like you saying;

                  “China gets to shoot whoever the fuck they want because other countries have shot people!”

                  Two wrongs don’t make a right. It’s a dumb argument. Stop doing it.

                • Jax@sh.itjust.works
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                  1 year ago

                  Huh? I’m the American government now? I reserve the right to condemn any government, anywhere, for reason. Especially when they make choices without my consent.

                  You speak emotionally, betraying that you know very little about the problems that truly need to be solved.

          • slickgoat@lemmy.world
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            1 year ago

            I don’t see anybody stopping you from saying anything you want to say, so stop playing the victim.

            Trump is a uniquely American problem. You guys either elected him, or didn’t care enough to vote. Shit, his popularity is still almost 50% now even after he destroyed the economy.

            Your argument is that the American people are so stupid that they were manipulated by foreign actors (TWICE) into electing an obvious fuckwit.

            Well, ok, if you insist,

              • Taleya@aussie.zone
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                1 year ago

                Hahahha fucking scomo got lower than that, and his chief crime was being an unlikeable cunt and about half as incompetent. jesus christ america where the fuck are your heads

        • CileTheSane@lemmy.ca
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          1 year ago

          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
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            1 year ago

            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.

        • Taleya@aussie.zone
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          1 year 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

        • GoodEye8@lemm.ee
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          1 year ago

          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.

          • slickgoat@lemmy.world
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            1 year ago

            Difficult to argue against, except America is doing this too us as well, and we don’t get a vote.

  • ToiletFlushShowerScream@lemmy.world
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    1 year ago

    Tariffs were never meant for anything other than using the us economy to force other countries to bend the knee to Trump himself. Convince me I’m wrong.

  • Wilco@lemm.ee
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    1 year ago

    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.

  • Secret Music@lemmy.blahaj.zone
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    1 year ago

    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?

    • pulsewidth@lemmy.world
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      1 year ago

      It gets thrown around a lot but Orwell’s 1984 has a passage, the context in the book is the protanonist realizing specifically about how it is impossible to argue against the fascist party as they happily substitute alternate facts whenever desired, and mandate the loyal adopt them wholesale.

      “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”

      This is the chapter. https://george-orwell.org/1984/6.html

      • bss03@infosec.pub
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        1 year ago

        “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”

        I actually hate this quote because idiots around me use this thought pattern to reject the results of rigorous scientific studies in favor of their isolated, personal experiences.

        To them, “Science” is an much an authoritarian imposition as “The Party” and “Scientism” is the worst “cult”.

        Yes, your experience is valid. But, it doesn’t trump shared objective reality, which good science reveals.

        • yarr@feddit.nl
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          1 year ago

          My favorite phenomonon is anti-vaxers and the like saying “Science is hogwash! Ever notice how they just say ‘Trust the science!’? That means it requires faith!” Sure, that’s all well and good, except an actual scientist will NEVER say “Trust the science!” The foundations of science are NOT built on blind trust. It’s built on truth which is established experimentally, which is the opposite of blind trust. It’s very telling that people saying science is flawed are the same folks that don’t understand it.

          It’s largely the same thing as someone saying “Evolution is hogwash. I’ve never seen a monkey turn into a human!” (except evolution doesn’t say that it will either…)

            • yarr@feddit.nl
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              This is a direct result of the degradation of education. Countries that have a higher standard of living for ALL people: health (mental and physical), fair wages, maternity/paternity leave, etc., also have better education standards. In some cases, free university.

              As an American, I can say this sounds like COMMUNISM and I will fight to the death to avoid the specter of universal health care! America leads the world in health care spending and we intend to keep it that way.

    • Critical_Thinker@lemm.ee
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      1 year ago

      By that you mean you’re buying indonesian, vietnamese, chinese, ecuadorian… and probably a ton more imported things because nobody really manufactures much of anything in USA or Canada outside of a handful of things that are costly to transport.

        • Critical_Thinker@lemm.ee
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          1 year ago

          Check your clothes labels, personal electronics, appliances, fabrics, salt, medical devices, medicines, customer support lines for major businesses, networking equipment…

          I’m not canadian and i’m certainly not a dumpy supporter but realistically what the fuck would you ever want to buy from the US that is actually made 100% in the US anyway?

          • Lushed_Lungfish@lemmy.ca
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            1 year ago

            Haven’t bought clothes, personal electronics, appliances, fabrics, medical devices in ages. The last customer support I called was for Revenue Canada. As for my meds, those are all generic and essentially free for me.

            The only things I buy regularly is booze (Canadian Club and Laker) and groceries and I buy as much Made In Canada produce as possible.

            • Critical_Thinker@lemm.ee
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              When I hear people be all nationalistic in regards to their planned expenditures I never expect them to really bite the bullet.

              Experiments like this are why I doubt i’m wrong. https://afina.com/blogs/news/made-in-usa

              People en masse don’t care about where something is made, they care about how much they are paying for it, assuming both products are of identical quality. I don’t doubt that many will simply avoid spending money altogether. I doubt there are many out there willing to voluntarily pay more just for a made in X badge.

  • Phoenixz@lemmy.ca
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    Yeah maybe but now FUCK YOU. You started the tarrif war, I fucking demand that all world leaders finish it. Let there be empty shelves, let the USA go fucking bankrupt let all Americans lose their 401k or whatever the hell it’s called there. Let them suffer. You voted trump, or you allowed him to come in, he’s ALL yours now. Let him ruin the country, let him ruin all american lives.

    The teade war should not stop until a revolution kicks in that will land his fat neck on a guillotine.

    Once the Americans have cleaned house and basically have gone back to a real democracy (not the shit they’ve been doing for the past decades) we van talk about a truce.

    Ubtil then: suffer the consequences of your own actions as you rained them down on the entire world, you insufferable assholes *

    • This may not apply to all Americans but definitely the majority at this point
  • chaosCruiser@futurology.today
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    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.