Terrified Trump Flees Tariffs War After CEOs’ ‘Empty Shelves’ Warning
www.thedailybeast.com
The president sounded much more conciliatory after he was told about the chaos his plans could bring.

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.

  • Critical_Thinker@lemm.eeEnglish
    1·
    2 days 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.caEnglish
      1·
      2 days 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.eeEnglish
        1·
        4 hours 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.