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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[–] 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 (3 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 38 points 1 day ago (2 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.

[–] JuxtaposedJaguar@lemmy.ml 13 points 1 day ago

The reverse is also true: Trump/MAGAs took credit for the stock market gains when Trump was first elected, but then blamed Biden for the stock market crash after Trump took office.

Basically MAGAs said that Biden ruined the economy but no one realized until after Trump started running the country. Schrödinger’s Recession, I guess.

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

Not this time. The damage is hitting magats hard.

[–] dhork@lemmy.world 28 points 1 day ago

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

[–] tipicaldik@lemmy.world 20 points 1 day ago

you know, people remember things.

except actual americans... we can't seem to remember shit past that last 20 second tiktok thing

[–] asg101@lemmy.blahaj.zone -2 points 1 day ago (1 children)

You talk as though trusting the USA is a good thing, something to be regained. The U.S. is and always has been a genocidal, slave-owning, patriarchal oligarchy that masquerades as a "democracy". I am actually quite happy to see tRump destroy the U.S. standing in the world, he has done more to destroy the evil empire in 4 months than anyone else in its entire history. It truly is a glorious thing.

[–] gravitas_deficiency@sh.itjust.works 9 points 1 day ago (3 children)

I am entirely confident that you don’t understand the full implications of the vacuum of power that this will create.

[–] asg101@lemmy.blahaj.zone 5 points 13 hours ago

Oh no! A multi polar world, what will become of us if we don't have big daddy USA (or actually the oligarchs that own and operate it) telling us all what to do? And what we can't do, and who dies for their profit.

[–] ubergeek@lemmy.today 5 points 13 hours ago (1 children)

So, you're biggest issue is other nations might step up to replace the Imperial States of America?

[–] gravitas_deficiency@sh.itjust.works 1 points 11 hours ago (1 children)

My biggest issue as that it very well could be Russia or the PRC

[–] ubergeek@lemmy.today 0 points 10 hours ago* (last edited 10 hours ago) (1 children)

Why? Its not like the US is much better than either... All three nation states are rather evil.

I guess the best could be said about China, because at least they don't generally engage in genocide as commonly as the other two.

[–] gravitas_deficiency@sh.itjust.works 3 points 9 hours ago (1 children)

Uighurs: exist

Also Uighurs: currently being culturally and ethnically cleansed by China in a rather systematic fashion

[–] ubergeek@lemmy.today 2 points 8 hours ago* (last edited 8 hours ago)

I said "not as commonly as the other two"... The US has been engaged in myriad genocides, across the globe and domestically, as has Russia. China just does it less.

I mean hell, China got their Uighurs genocide plan from the US's post 9/11 "counter terrorism".

[–] DarkDarkHouse@lemmy.sdf.org 4 points 17 hours ago

I'm entirely confident that nobody fully understands that.

[–] Nyticus@kbin.melroy.org 21 points 1 day ago

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.