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.

  • Zero22xx@lemmy.blahaj.zone
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    6 hours 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 hour 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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        16 minutes 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.

        Do them, “Science” is an much and 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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          11 minutes 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…)

      • flynnguy@programming.dev
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        1 hour ago

        I read 1984… I really liked it but I thought the whole war is peace, freedom is slavery bit was something that no one would really buy. Then Trump took office and I feel like I’m taking crazy pills. I now believe 1984 and don’t question it at all. :(

      • Soup@lemmy.world
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        3 hours ago

        As an adjacent observer(Canada, and we have our own idiots) it’s kinda funny. The US has had so much time and so many resources to not being the shithole it is today and they just couldn’t bring themselves, as a country, to get there. Other countries have done way better with less so we know it’s possible.

        So, as much as it is also scary, awful, and just plain garbage, it is a little funny as well.