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.ee
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    1 day ago

    By that you mean you’re buying indonesian, vietnamese, chinese, ecuadorian… and probably a ton more imported things because nobody really manufactures much of anything in USA or Canada outside of a handful of things that are costly to transport.

      • Critical_Thinker@lemm.ee
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        21 hours 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.ca
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          19 hours 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.