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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[–] Jaysyn@lemmy.world 279 points 4 days ago* (last edited 4 days ago) (3 children)

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

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[–] Frozengyro@lemmy.world 59 points 3 days ago (2 children)
[–] glitch1985@lemmy.world 14 points 3 days ago* (last edited 3 days ago) (2 children)
[–] nomy@lemmy.zip 17 points 3 days ago
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Trump: "Nuh-uh. I won because I have economy-proof armor"

[–] Formfiller@lemmy.world 13 points 3 days ago* (last edited 3 days ago)

The shart of the steal

[–] flop_leash_973@lemmy.world 137 points 3 days ago* (last edited 3 days ago) (7 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 59 points 3 days ago (6 children)

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.

[–] bluegreenwookie@bookwormstory.social 22 points 3 days ago (1 children)

Honestly i saw so many interviews during his first run with trump supporters that said exactly that first phase you said

[–] DarkDarkHouse@lemmy.sdf.org 14 points 3 days ago (1 children)

Way to entrench the status quo benefiting the rich. Get people to believe only the rich are smart and therefore worth listening to.

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[–] doug@lemmy.today 95 points 4 days ago (5 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 68 points 3 days ago (1 children)

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

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[–] SCmSTR@lemmy.blahaj.zone 40 points 3 days ago* (last edited 3 days ago)

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

[–] Stamau123@lemmy.world 21 points 3 days ago

consequences are for progressives

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[–] Zero22xx@lemmy.blahaj.zone 90 points 3 days ago (4 children)

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 32 points 3 days ago (6 children)

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 18 points 2 days ago* (last edited 2 days ago) (6 children)

“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.

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[–] prole@lemmy.blahaj.zone 25 points 3 days ago (3 children)

As an inside observer, I assure you that there is nothing funny about it whatsoever.

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[–] WildPalmTree@lemmy.world 15 points 3 days ago (3 children)

Roy Cohn: Never admit you are wrong. Never admit defeat.

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[–] pageflight@lemmy.world 78 points 4 days 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 107 points 4 days ago (14 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 36 points 4 days ago (1 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.

[–] sepi@piefed.social 18 points 4 days ago (1 children)

Not this time. The damage is hitting magats hard.

[–] dhork@lemmy.world 27 points 3 days ago (1 children)

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

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[–] tipicaldik@lemmy.world 22 points 3 days 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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[–] Nyticus@kbin.melroy.org 20 points 3 days ago (1 children)

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.

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[–] Allonzee@lemmy.world 63 points 3 days ago* (last edited 3 days 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 46 points 3 days 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 42 points 3 days ago (11 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.

[–] CileTheSane@lemmy.ca 21 points 3 days ago (2 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 17 points 3 days ago (5 children)

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.

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[–] futatorius@lemm.ee 19 points 3 days ago (11 children)

it aligns with the communist block’s benefit

Neither Russia nor China are communist anymore. Russia is run by corrupt capitalists and has been since the 1980s, and the only thing Communist about China is the name of the totalitarian party that runs its government, which consists of a mix of state-funded and private capitalist enterprise.

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[–] Jax@sh.itjust.works 18 points 3 days ago (26 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.

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[–] GoodEye8@lemm.ee 13 points 3 days ago (6 children)

I'm starting to feel like this is a controversial opinion, but maybe the American people should be the ones holding their own government accountable? Interventionism is the worst way to fix a country and I very much doubt it even could be done for a country like America.

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[–] Taleya@aussie.zone 13 points 3 days 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

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[–] chiliedogg@lemmy.world 54 points 3 days ago (3 children)

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 19 points 2 days ago (1 children)

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.

[–] malkien@lemmings.world 19 points 2 days ago (3 children)

But how can they understand? Fox News will never correlate their suffering with Trump

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[–] SabinStargem@lemmy.today 42 points 3 days ago (1 children)

Until Trump and Yarvin are hanging by their ankles, I won't believe that the United States will get better.

[–] iridebikes@lemmy.world 20 points 3 days ago (3 children)

Mussolini got beat to death after his lil foray into fascism.

[–] madjo@feddit.nl 15 points 3 days ago* (last edited 3 days ago) (1 children)
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[–] Wilco@lemm.ee 30 points 3 days ago (7 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.

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[–] ToiletFlushShowerScream@lemmy.world 26 points 3 days 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 34 points 3 days ago (2 children)

You are incorrect, they are also for Market Manipulation.

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[–] barneypiccolo@lemm.ee 26 points 2 days ago (6 children)

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.

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[–] ikidd@lemmy.world 19 points 2 days ago (3 children)

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.

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[–] HikingVet@lemmy.ca 16 points 4 days ago

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

[–] Ledericas@lemm.ee 15 points 3 days ago (7 children)

but he isnt reversing any tariffs? he must be really obsessed with them.

[–] futatorius@lemm.ee 13 points 3 days ago

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.

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