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.
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.
wait til summer hits, when people arnt seeing vacationers going to usual tourist states and combined with the tariffs.
Northern Americans are already feeling the crunch from Canadians not showing up and cancelling trips. Makes the news here on the regular.
Yeah these things are not bits. One hotfix does not fix a cargo transport that was not sent a month or 2 ago. Remember Evergreen getting stuck in Suez canal? The ramifications of that slowdown in commodity and material movement could be seen +1 years of it happening. Physical world is funny that way.