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.

  • Critical_Thinker@lemm.eeEnglish
    1·
    8 hours ago

    When I hear people be all nationalistic in regards to their planned expenditures I never expect them to really bite the bullet.

    Experiments like this are why I doubt i’m wrong. https://afina.com/blogs/news/made-in-usa

    People en masse don’t care about where something is made, they care about how much they are paying for it, assuming both products are of identical quality. I don’t doubt that many will simply avoid spending money altogether. I doubt there are many out there willing to voluntarily pay more just for a made in X badge.