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submitted 3 weeks ago by MicroWave@lemmy.world to c/news@lemmy.world

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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[-] Jaysyn@lemmy.world 287 points 3 weeks ago* (last edited 3 weeks ago)

That's what fascists do when you stand up to them.

[-] Frozengyro@lemmy.world 63 points 3 weeks ago
[-] glitch1985@lemmy.world 16 points 3 weeks ago* (last edited 3 weeks ago)
[-] nomy@lemmy.zip 18 points 3 weeks ago
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Trump: "Nuh-uh. I won because I have economy-proof armor"

[-] Formfiller@lemmy.world 13 points 2 weeks ago* (last edited 2 weeks ago)

The shart of the steal

[-] DrFistington@lemmy.world 176 points 3 weeks ago

Spinless dipshit reverses course when confronted with consequences. More on this at the top of the hour...

[-] entwine413@lemm.ee 40 points 3 weeks ago

That's actually newsworthy for Trump.

[-] Inaminate_Carbon_Rod@lemmy.world 25 points 3 weeks ago

Agreed.

Normally he would just shit his daiper even more aggressively.

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[-] flop_leash_973@lemmy.world 135 points 3 weeks ago* (last edited 3 weeks ago)

Nothing says "I am the master of making a deal" like having to back off of nearly all of them every time anyone calls your bluff.

I'll never see how so many think Trump is one of the smartest people in any room.

He's a slumlord, just like his father. It is just unfortunate that the entire country will be his shitty government housing block by the time he gets done with it.

[-] CileTheSane@lemmy.ca 59 points 3 weeks ago

I'll never see how so many think Trump is one of the smartest people in any room.

"He's rich so he must be smart. You have to be smart to get that rich. This must all be part of the plan for the smart rich guy."

Mix that in with a 'Just World Fallacy' (Good people succeeded and bad People fail. Therefore anyone who has as much wealth and power as Trump must be a good person worth listening to) and you have the people who support Trump.

Honestly i saw so many interviews during his first run with trump supporters that said exactly that first phase you said

[-] DarkDarkHouse@lemmy.sdf.org 14 points 2 weeks ago

Way to entrench the status quo benefiting the rich. Get people to believe only the rich are smart and therefore worth listening to.

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[-] Ledericas@lemm.ee 11 points 2 weeks ago* (last edited 2 weeks ago)

Trump just allowed Republicans to be racist and bigoted out in the open without censure. They saw how trump doesn't get much flak for his bigotry

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[-] doug@lemmy.today 100 points 3 weeks ago

Kennedy was assassinated for less. This man has fucked with some higher powers’ money I’m surprised they haven’t ousted him for a canon slightly less loose, but I suppose he is quite the distraction.

[-] samus12345@lemm.ee 70 points 3 weeks ago

But Kennedy was a liberal. They don't assassinate their fellow conservatives.

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[-] SCmSTR 41 points 3 weeks ago* (last edited 3 weeks ago)

It's because he's still fighting for them, albeit a dumb fuck, he's not fighting them

[-] Stamau123@lemmy.world 22 points 3 weeks ago

consequences are for progressives

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[-] Zero22xx 89 points 2 weeks ago

now denying plans to fire Powell

As an outside observer, one of the funniest things about Trump (and this whole crowd actually) is the amount of just denying things that they do. There is never a single time that they admit fault or the capability to learn and improve. Drunkard clowns like Hesgeth have to be dragged out kicking and screaming for something to be rectified, at which point they'll just go "Uh, well anyway, here's the next guy, he's going to be great! Tremendously bigly!"

Elon didn't do that famous hand gesture that we all saw him do twice in a row. Fox News guy didn't use a 3rd party app for a top secret war chat and didn't include a journalist in the group. Trump didn't apply those tariffs or throw unhinged temper tantrums on social media. It's all just the fake news librul agenda trying to discredit these fine upstanding members of society as usual. And if it's true - onto the next thing. How about that woke agenda amirite?

[-] pulsewidth@lemmy.world 30 points 2 weeks ago

It gets thrown around a lot but Orwell's 1984 has a passage, the context in the book is the protanonist realizing specifically about how it is impossible to argue against the fascist party as they happily substitute alternate facts whenever desired, and mandate the loyal adopt them wholesale.

"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command."

This is the chapter. https://george-orwell.org/1984/6.html

[-] bss03@infosec.pub 17 points 2 weeks ago* (last edited 2 weeks ago)

“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”

I actually hate this quote because idiots around me use this thought pattern to reject the results of rigorous scientific studies in favor of their isolated, personal experiences.

To them, "Science" is an much an authoritarian imposition as "The Party" and "Scientism" is the worst "cult".

Yes, your experience is valid. But, it doesn't trump shared objective reality, which good science reveals.

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[-] flynnguy@programming.dev 12 points 2 weeks ago

I read 1984... I really liked it but I thought the whole war is peace, freedom is slavery bit was something that no one would really buy. Then Trump took office and I feel like I'm taking crazy pills. I now believe 1984 and don't question it at all. :(

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[-] prole 25 points 2 weeks ago

As an inside observer, I assure you that there is nothing funny about it whatsoever.

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[-] WildPalmTree@lemmy.world 15 points 2 weeks ago

Roy Cohn: Never admit you are wrong. Never admit defeat.

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[-] pageflight@lemmy.world 80 points 3 weeks ago

I hope the repercussions land on Trump and his cronies, and but just on this particular show of global bullying around tariffs.

[-] gravitas_deficiency@sh.itjust.works 109 points 3 weeks ago

The thing is that real damage has already been done. Trust that was built over the course of - without exaggeration - most of a century has been squandered by imbecilic and ham-handed “move fast break things” tactics. Trust is very fickle, and the gain/loss dynamic is completely asymmetrical: it takes ages to build, but can be destroyed in an instant. And the recovery phase is always going to be slower than the initial build, and it generally doesn’t ever reach as high as was before the initial betrayal, because, you know, people remember things.

[-] BrokenGlepnir@lemmy.world 39 points 3 weeks ago

But it's the kind of damage they can try to throw a blanket over, so his supporters can deny it. They'll never go to other countries, or understand the moments when that trust could have helped. They'll be detached until someone else is in charge (if it happens) then pull the blanket off to blame others. Like the past 40 years. The empty shelves though. That hits now, and people denying it won't be for long. They won't survive.

[-] sepi@piefed.social 19 points 3 weeks ago

Not this time. The damage is hitting magats hard.

[-] dhork@lemmy.world 28 points 3 weeks ago

But they don't mind the pain, as long as they think it is hurting people they hate more.

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[-] JuxtaposedJaguar@lemmy.ml 14 points 3 weeks ago

The reverse is also true: Trump/MAGAs took credit for the stock market gains when Trump was first elected, but then blamed Biden for the stock market crash after Trump took office.

Basically MAGAs said that Biden ruined the economy but no one realized until after Trump started running the country. Schrödinger’s Recession, I guess.

[-] tipicaldik@lemmy.world 23 points 3 weeks ago

you know, people remember things.

except actual americans... we can't seem to remember shit past that last 20 second tiktok thing

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[-] Allonzee@lemmy.world 70 points 3 weeks ago* (last edited 3 weeks ago)

China should tell us they'll drop their tariffs by 20% a month until gone barring further impulsive fuckery to dissuade further infantile American shenanigans.

As an American, someone's got to be the geopolitical adult in the room, and we don't qualify.

[-] chiliedogg@lemmy.world 57 points 2 weeks ago

China shouldn't give a femtometer.

Restrict exports to the US until all tarrifs on Chinese goods are lifted. And even then, tarrif US exports just a bit just as a Find Out gesture.

Make it clear that Trump gains absolutely nothing for all this. Not even a little 1% he can claim as a minor victory. Humiliate him in the eyes of the world and expose him for the worthless negotiator he is.

[-] tacosplease@lemmy.world 19 points 2 weeks ago

As a struggling American, I hope so too. The fucking rural parts of the country need to feel the suffering and understand exactly what caused it.

[-] malkien@lemmings.world 18 points 2 weeks ago

But how can they understand? Fox News will never correlate their suffering with Trump

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[-] SabinStargem@lemmy.today 42 points 2 weeks ago

Until Trump and Yarvin are hanging by their ankles, I won't believe that the United States will get better.

[-] iridebikes@lemmy.world 21 points 2 weeks ago

Mussolini got beat to death after his lil foray into fascism.

[-] madjo@feddit.nl 15 points 2 weeks ago* (last edited 2 weeks ago)
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[-] barneypiccolo@lemm.ee 29 points 2 weeks ago

I'm ready for these tariffs to hit the shelves for a month or two. Give MAGA Morons a really good taste of HitlerPig's virtuosic incompetence. They won't be happy when the shelves in Walmart and Target are nearly empty, and whatever is left has tripled in price.

When they get home from their trip to Walmart empty handed, and turn on the TV to see enormous crowds protesting in the streets, perhaps it will finally start to sink in what those protesters are unhaopy about. Not all of them, of course, but some of them.

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[-] Wilco@lemm.ee 29 points 3 weeks ago

We are going to hate this president until the day he dies, then many of us will be making plans on how to best piss on his grave. That's not a metaphor. Logistical discussions reveal that in order to avoid an indecent exposure charge a bottle must be used to hold and pour the piss.

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Tariffs were never meant for anything other than using the us economy to force other countries to bend the knee to Trump himself. Convince me I'm wrong.

[-] BeNotAfraid@lemmy.world 35 points 3 weeks ago

You are incorrect, they are also for Market Manipulation.

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[-] ikidd@lemmy.world 19 points 2 weeks ago

Someone showed a display of incoming containers, and May was down almost 50% from last year in May. That's going to be devastating. Good to see.

[-] Cordyceps@sopuli.xyz 13 points 2 weeks ago

Yeah these things are not bits. One hotfix does not fix a cargo transport that was not sent a month or 2 ago. Remember Evergreen getting stuck in Suez canal? The ramifications of that slowdown in commodity and material movement could be seen +1 years of it happening. Physical world is funny that way.

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[-] Ledericas@lemm.ee 18 points 2 weeks ago

but he isnt reversing any tariffs? he must be really obsessed with them.

[-] futatorius@lemm.ee 13 points 2 weeks ago

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.

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[-] HikingVet@lemmy.ca 15 points 3 weeks ago

Looks like someone's supervisor actually stepped in on something.

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this post was submitted on 23 Apr 2025
767 points (100.0% liked)

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