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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[–] flop_leash_973@lemmy.world 127 points 23 hours ago* (last edited 23 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.

[–] CileTheSane@lemmy.ca 51 points 23 hours ago (5 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 20 points 16 hours 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 13 points 14 hours ago

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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[–] Jaysyn@lemmy.world 260 points 1 day ago* (last edited 1 day ago) (3 children)

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

[–] Frozengyro@lemmy.world 57 points 1 day ago (1 children)
[–] glitch1985@lemmy.world 14 points 1 day ago* (last edited 1 day ago) (2 children)
[–] nomy@lemmy.zip 15 points 23 hours ago
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Trump: "Nuh-uh. I won because I have economy-proof armor"

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[–] Allonzee@lemmy.world 66 points 1 day ago* (last edited 1 day 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 1 day 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 41 points 1 day ago (9 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.

[–] GoodEye8@lemm.ee 11 points 15 hours ago (2 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.

[–] SabinStargem@lemmy.today 4 points 11 hours ago

I am hoping the US splits apart, allowing the red states to destroy themselves. Conservatism is a cancer, and the condition would be easier to excise if it was a solid tumor.

[–] slickgoat@lemmy.world 3 points 14 hours ago (1 children)

Difficult to argue against, except America is doing this too us as well, and we don't get a vote.

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[–] Taleya@aussie.zone 10 points 19 hours 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

[–] Ledericas@lemm.ee 2 points 13 hours ago

russia maybe, because putins directing trump to do this, more or less it helps russia in the long run.

[–] CileTheSane@lemmy.ca 21 points 23 hours ago (1 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 18 points 23 hours ago (3 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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[–] Jax@sh.itjust.works 18 points 1 day ago (21 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.

[–] shawn1122@lemm.ee 10 points 16 hours ago

The embarrassing thing is a lot of that disinformation was shared on social media networks that were created in the US.

Creating the tool that your enemy uses effectively against you is not a good look.

[–] Ledericas@lemm.ee 2 points 13 hours ago (1 children)

i believe russia be to blame, it kinda obvious weakeaning america helps putin, it has been his goal for 10years,.

[–] futatorius@lemm.ee 5 points 13 hours ago

it has been his goal for 10years

Trump was getting fat on Russian mob money since the 1980s, probably as a reward for him ratting out the Italian mob to Giuliani, which created expansion opporunities for the Bratva.

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[–] DrFistington@lemmy.world 166 points 1 day ago (4 children)

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

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[–] doug@lemmy.today 96 points 1 day ago (4 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.

[–] UltraGiGaGigantic@lemmy.ml 9 points 14 hours ago

They want their business plot 2.0.

[–] samus12345@lemm.ee 71 points 1 day ago

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

[–] Stamau123@lemmy.world 21 points 23 hours ago

consequences are for progressives

[–] SCmSTR@lemmy.blahaj.zone 39 points 1 day ago* (last edited 1 day ago)

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

[–] pageflight@lemmy.world 79 points 1 day 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 108 points 1 day 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.

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