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.

  • Secret Music
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    933 months 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
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      323 months 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
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        3 months 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.

        • Patrick Loftus 🖖:us_d:
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          43 months ago

          @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.

        • @yarr@feddit.nl
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          3 months ago

          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…)

            • @yarr@feddit.nl
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              23 months ago

              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.

            • @futatorius@lemm.ee
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              13 months ago

              This is even more the result of the amplfication of every moron’s stupid comments into memes that are broadcast to millions.

            • @Ledericas@lemm.ee
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              23 months ago

              yea most fields dont even require bio as part of thier degree, not even remdial, felt that should be part of the curricilum colleges.

      • flynnguy
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        123 months 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. :(

        • @GoodLuckToFriends@lemmy.today
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          33 months ago

          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.

          • @Ledericas@lemm.ee
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            23 months ago

            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.

      • Secret Music
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        3 months ago

        Good point. Poor choice of words. It’s not funny haha or even funny peculiar. It’s just fucked up.

      • @Soup@lemmy.world
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        93 months ago

        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.

        • @SparroHawc@lemm.ee
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          43 months ago

          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.

    • @Ledericas@lemm.ee
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      43 months ago

      trump has 2 hand gestures of his own, his accordian hands when hes exaggerating or lying. and his double jerking motion.

  • @pageflight@lemmy.world
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    803 months 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
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      1093 months 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.

      • TooManyFoods
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        393 months 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.

        • @JuxtaposedJaguar@lemmy.ml
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          153 months 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
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          193 months ago

          Not this time. The damage is hitting magats hard.

      • @tipicaldik@lemmy.world
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        233 months ago

        you know, people remember things.

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

      • @asg101@lemmy.blahaj.zone
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        93 months ago

        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.

        • @futatorius@lemm.ee
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          23 months ago

          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.

          • @ubergeek@lemmy.today
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            73 months ago

            So, you’re biggest issue is other nations might step up to replace the Imperial States of America?

              • @ubergeek@lemmy.today
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                3 months ago

                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.

          • ddh
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            53 months ago

            I’m entirely confident that nobody fully understands that.

          • @asg101@lemmy.blahaj.zone
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            83 months ago

            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.

    • Nyticus
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      233 months ago

      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.

      • @futatorius@lemm.ee
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        23 months ago

        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.

  • JohnnyFlapHoleSeed
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    1803 months ago

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

  • doug
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    1003 months 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.

  • chaosCruiser
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    3 months ago

    It’s like that t.rex scene in Jurassic Park. It got really scary, there was plenty of damage, but it all worked out in the end. Peak entertainment. 🍿

    Well, except if you’re that one guy who got eaten alive. I guess Americans might feel like that.

    • @TON618@lemmy.world
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      3 months ago

      What about Jurassic Park worked out in the end? The park got destroyed and subsequently abandoned for decades until the remains were bought out, a new park restarted, that promptly suffered the same fate. Nothing in any of those movies ever worked out.

      • chaosCruiser
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        23 months ago

        Exactly. There were only moments of relief between being chased by a t.rex or a bunch of velociraptors. Even when the protagonists ride into the sunset, the seeds of the next disaster are already sprouting.

      • chaosCruiser
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        3 months ago

        I’m kinda curious, which part you found so offensive?

        • @sp3ctr4l@lemmy.dbzer0.com
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          43 months ago

          … I mostly found your comment pitiable, not offensive.

          As in, your metaphor is so crass and demonstrates such a fundamentally unserious approach to understanding reality, that it barely even registers as offensive, and immediately transcends into pity.

          If you think this is some sort of… brush off your hands, phew, glad we made it out of that! type situation… if you think the suffering is over, disproportionately for Americans but also for the rest of the world…

          This conveys to me that you have an extremely naive and simplistic grasp of how history moves, how international relations work, how fascism works, how economics works… etc.

        • madjo
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          23 months ago

          Odd that you thought that sp3ctr4l was offended by your comment, was that your intention? To offend people?

          • chaosCruiser
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            13 months ago

            It was a risky comment, and people didn’t like that. Fair enough. Occasionally, taking these kinds of risks produces interesting results though.

  • @chiliedogg@lemmy.world
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    573 months 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
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      193 months 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.

      • @JamesTBagg@lemmy.world
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        103 months ago

        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.

  • @ikidd@lemmy.world
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    193 months 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
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      133 months 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.

    • @Ledericas@lemm.ee
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      73 months ago

      wait til summer hits, when people arnt seeing vacationers going to usual tourist states and combined with the tariffs.

      • @KMAMURI@lemmy.world
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        23 months ago

        Northern Americans are already feeling the crunch from Canadians not showing up and cancelling trips. Makes the news here on the regular.

    • @UltraGiGaGigantic@lemmy.ml
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      33 months ago

      How about in 3 years and 8 months we have an election and every one can vote for Nancy Pelosi who has Dick Cheney as her running mate?

      • madjo
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        13 months ago

        You’re naive in thinking that you can have fair elections in 3 years and 8 months.

  • @Wilco@lemm.ee
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    303 months 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.

      • @Wilco@lemm.ee
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        33 months 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.

    • madjo
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      13 months ago

      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)