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@lemmy.blahaj.zone
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    6 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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      6 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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        6 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.

        • yarr@feddit.nl
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          6 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…)

          • BlackSheep@lemmy.ca
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            6 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.

            • yarr@feddit.nl
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              6 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.

    • Critical_Thinker@lemm.ee
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      6 months ago

      By that you mean you’re buying indonesian, vietnamese, chinese, ecuadorian… and probably a ton more imported things because nobody really manufactures much of anything in USA or Canada outside of a handful of things that are costly to transport.

        • Critical_Thinker@lemm.ee
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          6 months ago

          Check your clothes labels, personal electronics, appliances, fabrics, salt, medical devices, medicines, customer support lines for major businesses, networking equipment…

          I’m not canadian and i’m certainly not a dumpy supporter but realistically what the fuck would you ever want to buy from the US that is actually made 100% in the US anyway?

          • Lushed_Lungfish@lemmy.ca
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            6 months ago

            Haven’t bought clothes, personal electronics, appliances, fabrics, medical devices in ages. The last customer support I called was for Revenue Canada. As for my meds, those are all generic and essentially free for me.

            The only things I buy regularly is booze (Canadian Club and Laker) and groceries and I buy as much Made In Canada produce as possible.

            • Critical_Thinker@lemm.ee
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              6 months 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.