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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[–] Zero22xx@lemmy.blahaj.zone 45 points 3 hours ago (2 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?

[–] prole@lemmy.blahaj.zone 15 points 1 hour ago (2 children)

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

[–] Soup@lemmy.world 3 points 21 minutes 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.

[–] Zero22xx@lemmy.blahaj.zone 2 points 1 hour ago* (last edited 1 hour ago)

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

[–] WildPalmTree@lemmy.world 10 points 2 hours ago (1 children)

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

[–] DeathsEmbrace@lemm.ee 5 points 2 hours ago (1 children)

I find it funny because you could literally have lost everything and still stay in this mindset.

[–] WildPalmTree@lemmy.world 1 points 1 hour ago

For sure. It's a lot like chicken-race.

[–] SabinStargem@lemmy.today 23 points 4 hours 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 6 points 46 minutes ago

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

[–] Ledericas@lemm.ee 12 points 6 hours ago (3 children)

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

[–] Soup@lemmy.world 1 points 18 minutes ago

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.

[–] futatorius@lemm.ee 9 points 5 hours 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.

[–] TankovayaDiviziya@lemmy.world 7 points 6 hours ago (1 children)

He's been obsessed with it since the 1980s.

[–] Ledericas@lemm.ee 9 points 6 hours ago

yea i know, and conveniently thats around the time the soviet union starting working with him, laundering money through his real estate.

[–] flop_leash_973@lemmy.world 112 points 16 hours ago* (last edited 16 hours ago) (5 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.

[–] Ledericas@lemm.ee 6 points 4 hours ago* (last edited 4 hours ago)

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

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