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.

  • chaosCruiser@futurology.todayEnglish
    213·
    14 hours ago

    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.