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.
but he isnt reversing any tariffs? he must be really obsessed with them.
It’s a simplistic solution and he’s simpleminded, so it’s hard for him to let go of it since all the other approaches are harder.
He’s been obsessed with it since the 1980s.
yea i know, and conveniently thats around the time the soviet union starting working with him, laundering money through his real estate.