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News@lemmy.worldEnglish · 20 hours ago

Terrified Trump flees tariffs war after CEOs’ ‘empty shelves’ warning

www.thedailybeast.com

516

Terrified Trump flees tariffs war after CEOs’ ‘empty shelves’ warning

www.thedailybeast.com

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 20 hours ago

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.

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SCmSTR@lemmy.blahaj.zone
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17 hours ago
He’s so useless!

We’ve KNOWN he’s useless!

Get RID OF THIS GUY he SUCKS
- UltraGiGaGigantic@lemmy.ml
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  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?

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