Terrified Trump Flees Tariffs War After CEOs’ ‘Empty Shelves’ Warning
www.thedailybeast.com
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.

  • futatorius@lemm.ee
    161·
    9 hours ago

    it aligns with the communist block’s benefit

    Neither Russia nor China are communist anymore. Russia is run by corrupt capitalists and has been since the 1980s, and the only thing Communist about China is the name of the totalitarian party that runs its government, which consists of a mix of state-funded and private capitalist enterprise.