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.
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.
I am entirely confident that you don’t understand the full implications of the vacuum of power that this will create.
I’m entirely confident that nobody fully understands that.