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.
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.
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
Way to entrench the status quo benefiting the rich. Get people to believe only the rich are smart and therefore worth listening to.
Much of the US (and developed-world) media is devoted to licking the boots of the rich and famous. There are PR firms that exist solely to feed the bootlicking pipeline, and to launder the reputations of the loathsome shits who think they’re entitled to own us all.
Yup. That’s my dad. He’s confused now. He thought musk and Trump were smart because they were very wealthy. He’s finding it hard to understand that these people just inherited their wealth, and they’re able to be visible in the public eye, make money and take risks because of how much they have and not because they’re smart. Their arrogance is funny - Ie: musk unable to find the relationship between his nazi salute, his work at DOGE, and decreasing revenue in Tesla. Never heard of causation.
You could’ve just said trump supporters to dumb af
Didn’t I?
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Worthington’s Law.
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
I wish he reversed his “deals” but it looks like he’s only reversing on China? So a big “fuck you” to american manufacturing while also helping our number 1 enemy.
The whole thing is a giveaway for China to step into America’s role on the world stage. I don’t think that can be undone at this point. It’s obvious that the US is not a stable, rational trade negotiator. Who wants to have their currency reserves under a country like that?
Who wants to have their currency reserves under a country like that?
That depends on how comprehensively we root out Trump, those behind him, and all their works. It’s not going to be easy, we’re going to need to strip this ramshackle structure down to the joists, after having tented it for termites.
I don’t think that’s possible. Not to the degree that would rebuild trust in a reserve currency. Once that money starts moving to something else, it’s gone. There would need to be a big incentive to come back, and it’s not clear what that would be.
The change would have to happen before any major moves happen. But then, just the fact that US policy is flip flopping so quickly is itself reason to mistrust it as a reserve currency. How do you know it won’t flip right back?
People have been calling him the biggest blowhard in the world since he got his first start in the 1970s. Enough people believe him for him to be relevant, sadly.
Spinless dipshit reverses course when confronted with consequences. More on this at the top of the hour…
Spinless dipshit reverses course when confronted with consequences. More on this at the top of the hour…
Hope he starts spinning again
The Trump moron has spin of zero.
That’s actually newsworthy for Trump.
Agreed.
Normally he would just shit his daiper even more aggressively.
Not really. Like most bullies, he caves as soon as he faces any real resistance.
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That’s what fascists do when you stand up to them.
Art of the seal
**Fart
🦭💨
It’s trump so more likely Art of the Shart
The shart of the steal
Trump: “Nuh-uh. I won because I have economy-proof armor”
Until Trump and Yarvin are hanging by their ankles, I won’t believe that the United States will get better.
Mussolini got beat to death after his lil foray into fascism.
trump for piñata 2026!
Why wait so long?
Fascism only seems to end with the death of their figurehead.
The Portuguese got rid of their fascist junta without waiting for them all to die off, or having to kill them all.
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.
consequences are for progressives
But Kennedy was a liberal. They don’t assassinate their fellow conservatives.
they tried
It’s because he’s still fighting for them, albeit a dumb fuck, he’s not fighting them
They want their business plot 2.0.
Ah, so you know the motive of Kennedy’s assassin(s)? Do tell, and provide evidence.
You’re right, I shouldn’t have said it with such certainty, but I don’t think Oliver Stone’s movie took that many liberties/there’ve been a few papers on how much the movie made up for dramatic effect vs. what it didn’t.
I used to take it all with a grain of salt, but seeing how brazen and desperate the right wing gets to hang onto their money today in broad daylight, I pretty much believe it.
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.
Instructions very clear. Stocking up on empty plastic bottles.
They’ll probably hang up security cameras and send whomever does it to a prison in El Salvador (once you open that door, it’s not going to get closed, just look at fucking Quantanamo Bay)
Gives a whole new meaning to pouring one out. I’d so, so happily pour a bottle of piss on Trump’s grave.
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.
I look forward to the new gender neutral bathroom
I hope the repercussions land on Trump and his cronies, and but just on this particular show of global bullying around tariffs.
If the track record of Republicans who ever got reprimanded, faced consequences or were jailed says anything for you…
Trump is going to get away with all of this. He’s been impeached twice. He’s a convicted felon. He’s going to die comfortably somewhere while his shitstain heirs will try to retake what they feel is “rightfully theirs” which is positions of power.
Republicans will destroy, destroy and destroy. We get Democrats who come in, clean up some of the mess but strangely make you wonder why they hadn’t cleaned up all of it. Besides slow moving and how long it takes to build. They aren’t going to outright oust corrupt people as they should for the damage they caused. They only are somehow retained. People thought DeJoy was going to be thrown away when Biden got in, nope, he remained and got to comfortably step down. Just as an example.
The wonderful fucking political circus at work.
History has myriad examples of corrupt rulers who get away with it, until they don’t anymore. Whether this applies to Trump depends on us.
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.
you know, people remember things.
except actual americans… we can’t seem to remember shit past that last 20 second tiktok thing
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.
Not this time. The damage is hitting magats hard.
But they don’t mind the pain, as long as they think it is hurting people they hate more.
They’d eat a dog turd if the bad breath bothered a liberal.
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.
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.
So, you’re biggest issue is other nations might step up to replace the Imperial States of America?
My biggest issue as that it very well could be Russia or the PRC
Why? Its not like the US is much better than either… All three nation states are rather evil.
I guess the best could be said about China, because at least they don’t generally engage in genocide as commonly as the other two.
Uighurs: exist
Also Uighurs: currently being culturally and ethnically cleansed by China in a rather systematic fashion
Oh no! A multi polar world, what will become of us if we don’t have big daddy USA (or actually the oligarchs that own and operate it) telling us all what to do? And what we can’t do, and who dies for their profit.
Multipolar arrangements are unstable and will soon shake out into another hegemony.
I know this might be a challenging concept, but it’s entirely possible, even likely, that things will get worse, not better, as a result of this change. None of the big players are acting in the interests of the people.
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
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.
not to mention the DOGE cuts, is barely making the news anymore, MSM is barely reporting it right now, because it hurting trumps image
it’s on the news every single fucking day
You’re assuming corpo America will drop the prices after. They won’t.
Up like a rocket; down like a feather.
they dint with covid shrinkflation/cheapflation.
That’s what we call “inflation”.
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.
You are incorrect, they are also for Market Manipulation.
Why not both?
Because OP wrote “never meant for anything other”
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.
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.
wait til summer hits, when people arnt seeing vacationers going to usual tourist states and combined with the tariffs.
Northern Americans are already feeling the crunch from Canadians not showing up and cancelling trips. Makes the news here on the regular.
Looks like someone’s supervisor actually stepped in on something.
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?
Roy Cohn: Never admit you are wrong. Never admit defeat.
I find it funny because you could literally have lost everything and still stay in this mindset.
For sure. It’s a lot like chicken-race.
“Never admit you are wrong”. This has become pervasive in everyday life. The phrases: “I was wrong”, “I stand corrected”, “point taken”, “mea culpa” are rarely heard anymore. So many dig in with nothing to back their argument, use the “fake news” BS, and/or just really become angry. What happened to reasonable discourse? Well, I guess it went out the window with science. It went out the window with critical thinking. It went out the window when representatives of our countries seem to get away with telling outright lies with no consequences. When social media is allowed to spread outright lies with no consequences. What a fucking shit show.
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
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. :(
1984 was required reading when I was in high school in Canada.
same here in us, plus catcher in the rye. and classical literature as well. they made an attempt to force people write papers for the first time, but it was so haphazard it dint turn it good.
"Catcher in the Rye” is an amazing book!
I almost wish 1984 was the reality, but it’s a horrible mix of 1984 and Brave New World. Rather than just being oppressed due to fear of your comrades turning you in, like 1984, we also get people happily ignoring everything bad to get their fix of the fixed slice of the world presented to them.
If it was just 1984, at least I’d have hope that enough people could see the problem, rise up against the problem, and not have to contend with the contented masses that just want the status quo.
“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.
My favorite phenomonon is anti-vaxers and the like saying “Science is hogwash! Ever notice how they just say ‘Trust the science!’? That means it requires faith!” Sure, that’s all well and good, except an actual scientist will NEVER say “Trust the science!” The foundations of science are NOT built on blind trust. It’s built on truth which is established experimentally, which is the opposite of blind trust. It’s very telling that people saying science is flawed are the same folks that don’t understand it.
It’s largely the same thing as someone saying “Evolution is hogwash. I’ve never seen a monkey turn into a human!” (except evolution doesn’t say that it will either…)
This is a direct result of the degradation of education. Countries that have a higher standard of living for ALL people: health (mental and physical), fair wages, maternity/paternity leave, etc., also have better education standards. In some cases, free university.
This is even more the result of the amplfication of every moron’s stupid comments into memes that are broadcast to millions.
This is a direct result of the degradation of education. Countries that have a higher standard of living for ALL people: health (mental and physical), fair wages, maternity/paternity leave, etc., also have better education standards. In some cases, free university.
As an American, I can say this sounds like COMMUNISM and I will fight to the death to avoid the specter of universal health care! America leads the world in health care spending and we intend to keep it that way.
yea most fields dont even require bio as part of thier degree, not even remdial, felt that should be part of the curricilum colleges.
@bss03 @pulsewidth If you are not willing to learn or to be curious about reality then the truths discovered by science would be no different to you than any other form of mysticism. It’s then possible to apply that quote to anything that doesn’t align with your experience.
As an inside observer, I assure you that there is nothing funny about it whatsoever.
As an adjacent observer(Canada, and we have our own idiots) it’s kinda funny. The US has had so much time and so many resources to not being the shithole it is today and they just couldn’t bring themselves, as a country, to get there. Other countries have done way better with less so we know it’s possible.
So, as much as it is also scary, awful, and just plain garbage, it is a little funny as well.
Well, as it turns out, America’s status as an economic juggernaut has always been dependent on keeping our occupied territory as shitholes that are terrible for the people who live there, so we can exploit their labor and resources. We learned well from the British Empire. The shitholeness is just being turned against a larger swath of our population now.
Good point. Poor choice of words. It’s not funny haha or even funny peculiar. It’s just fucked up.
trump has 2 hand gestures of his own, his accordian hands when hes exaggerating or lying. and his double jerking motion.
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.
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.
But how can they understand? Fox News will never correlate their suffering with Trump
the media can’t lie about things that are right in front of you very successfully
Pain is real when it’s right in front of you.
Don’t forget how dumb the average person is.
If they get what they want, they typically stop complaining about what happens to everyone else.
neither will any of the MSMs they are as complict as fox.
I fully agree but also stfu I’m trying to exist here!
Eh … if played out like the above comment suggests, with China giving us a little token tariff on US imports to twist the knife, we on the ground won’t be affected. Fuck, we’ll be vastly better off than under the Trump tariffs plans. We all win, he loses.
but he isnt reversing any tariffs? he must be really obsessed with them.
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.
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 bas been, which is the wild part. He’s not saying “oh this was a bad idea, whoops” but he is adding all kinds of exceptions all the time as major corporations tell him how awful they are. Terrified of being seen as weak, so many tariffs will remain but it is really funny watching them scramble to pretend like they aren’t the absolute worst at their jobs.
Another method of control: exceptions to whoever has the biggest bribes, personal favors and enrichment. Tariffs for everyone else
Is there any evidence that a single cent of Trump’s tariffs has yet been collected by the US government?
I remember reading that, in at least one case, collecting them is difficult to the point where ports aren’t bothering. And that’s difficult on the admin side, they’re just so insane about it that the relevant authorities aren’t even really sure what’s going on or how to deal with it.
