this post was submitted on 23 Apr 2025
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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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[–] flop_leash_973@lemmy.world 43 points 6 hours ago* (last edited 6 hours ago) (1 children)

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 14 points 6 hours 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.

[–] Allonzee@lemmy.world 49 points 10 hours ago* (last edited 10 hours ago) (1 children)

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.

[–] Jax@sh.itjust.works 28 points 9 hours ago (2 children)

Why would China do anything that helps us pick ourselves up and onto our feet? This is the goal they and Russia have been working towards for decades.

[–] slickgoat@lemmy.world 22 points 9 hours ago (3 children)

Nah-uh. No blaming China or Russia on this one. The United States did this squarely to themselves with the world pleading otherwise. They inserted their own head in the vice and started spinning the handle.

Sure, it aligns with the communist block's benefit, but the US really needs to be held accountable for its own idiocy on this one. Its the first step in recovery.

[–] Taleya@aussie.zone 3 points 2 hours ago

It's been fucking wild as a resident of a non-us country seeing some of the commentary coming up. We must radical empathy! How dare other countries take advantage of X Y or Z? The shoe is on the other foot, and by GOD is it a problem if anyone but the US starts doing what the US has been doing to everyone else on the planet my entire freakin' life

We all know they're propaganda riddled exceptionalists but goddaaaamn. Need to learn to accept cause, effect and consequence

[–] CileTheSane@lemmy.ca 9 points 6 hours ago (1 children)

Trump provided China an excellent excuse to start a trade war and look like the heroes while doing it. This is absolutely Trump's fault, but China has no reason to not take full advantage of it.

[–] slickgoat@lemmy.world 9 points 6 hours ago

That's true. The US has been interfering in other country's domestic affairs for decades. Organising the odd coup, overthrowing elected leaders. Suddenly people are shocked to learn that it can work both ways.

A country with strong democratic institutions are pretty resilient to these tactics. You might not trust the politicians, but you trust the officials, the military and the courts.

It seems that the US has dismantled trust in these institutions for a long time. It has let corporations run the show. So Russia and China have an easier task.

[–] Jax@sh.itjust.works 14 points 8 hours ago (16 children)

Oh so we're denying that Russia and China led disinformation campaigns squared solely at disrupting American politics for decades? Are we also ignoring the Murdochs from Australia?

Just wanted to get that straight before I started saying whatever the fuck I want.

[–] shawn1122@lemm.ee 1 points 29 seconds ago

The embarrassing thing is a lot of that disinformation was shared on social media networks that were created in the US.

Creating the tool that your enemy uses effectively against you is not a good look.

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"Never interrupt your enemy when they are making a mistake."

[–] Jaysyn@lemmy.world 170 points 12 hours ago* (last edited 12 hours ago) (2 children)

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

Trump: "Nuh-uh. I won because I have economy-proof armor"

[–] Frozengyro@lemmy.world 24 points 9 hours ago (1 children)
[–] glitch1985@lemmy.world 4 points 7 hours ago* (last edited 7 hours ago) (1 children)
[–] nomy@lemmy.zip 6 points 6 hours ago
[–] DrFistington@lemmy.world 135 points 13 hours ago (3 children)

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

[–] entwine413@lemm.ee 26 points 13 hours ago (1 children)

That's actually newsworthy for Trump.

[–] Inaminate_Carbon_Rod@lemmy.world 12 points 12 hours ago

Agreed.

Normally he would just shit his daiper even more aggressively.

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[–] doug@lemmy.today 73 points 12 hours ago (3 children)

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 48 points 11 hours ago

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

[–] Stamau123@lemmy.world 4 points 6 hours ago

consequences are for progressives

[–] SCmSTR@lemmy.blahaj.zone 24 points 11 hours ago* (last edited 11 hours ago)

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

[–] pageflight@lemmy.world 70 points 14 hours ago (2 children)

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 86 points 13 hours ago (4 children)

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 29 points 13 hours ago (2 children)

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.

[–] JuxtaposedJaguar@lemmy.ml 7 points 11 hours 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.

[–] sepi@piefed.social 14 points 13 hours ago (1 children)

Not this time. The damage is hitting magats hard.

[–] dhork@lemmy.world 17 points 12 hours ago

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

[–] tipicaldik@lemmy.world 13 points 12 hours 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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[–] Wilco@lemm.ee 15 points 11 hours ago (2 children)

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.

[–] Goodmorningsunshine@lemmy.world 3 points 8 hours ago (1 children)

Gives a whole new meaning to pouring one out. I'd so, so happily pour a bottle of piss on Trump's grave.

[–] Wilco@lemm.ee 1 points 6 hours ago

I'm not even kidding. I will wear a damn MAGAT hat if it gets me close enough to do it. I'm also not going to just hit grass, that masoleum/tombstone is gonna smell like piss.

[–] andrewta@lemmy.world 7 points 10 hours ago (2 children)

Instructions very clear. Stocking up on empty plastic bottles.

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[–] ToiletFlushShowerScream@lemmy.world 16 points 12 hours ago (1 children)

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 21 points 11 hours ago

You are incorrect, they are also for Market Manipulation.

[–] phoenixz@lemmy.ca -2 points 5 hours ago

Yeah maybe but now FUCK YOU. You started the tarrif war, I fucking demand that all world leaders finish it. Let there be empty shelves, let the USA go fucking bankrupt let all Americans lose their 401k or whatever the hell it's called there. Let them suffer. You voted trump, or you allowed him to come in, he's ALL yours now. Let him ruin the country, let him ruin all american lives.

The teade war should not stop until a revolution kicks in that will land his fat neck on a guillotine.

Once the Americans have cleaned house and basically have gone back to a real democracy (not the shit they've been doing for the past decades) we van talk about a truce.

Ubtil then: suffer the consequences of your own actions as you rained them down on the entire world, you insufferable assholes *

  • This may not apply to all Americans but definitely the majority at this point
[–] HikingVet@lemmy.ca 13 points 13 hours ago

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

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