Terrified Trump Flees Tariffs War After CEOs’ ‘Empty Shelves’ Warning
www.thedailybeast.com
The president sounded much more conciliatory after he was told about the chaos his plans could bring.

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.

  • bss03@infosec.pubEnglish
    13·
    13 hours ago

    “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”

    I actually hate this quote because idiots around me use this thought pattern to reject the results of rigorous scientific studies in favor of their isolated, personal experiences.

    To them, “Science” is an much an authoritarian imposition as “The Party” and “Scientism” is the worst “cult”.

    Yes, your experience is valid. But, it doesn’t trump shared objective reality, which good science reveals.

    • Patrick Loftus 🖖:us_d:@pwl.farted.net
      2·
      2 hours ago

      @bss03 @pulsewidth If you are not willing to learn or to be curious about reality then the truths discovered by science would be no different to you than any other form of mysticism. It’s then possible to apply that quote to anything that doesn’t align with your experience.

    • yarr@feddit.nlEnglish
      9·
      14 hours ago

      My favorite phenomonon is anti-vaxers and the like saying “Science is hogwash! Ever notice how they just say ‘Trust the science!’? That means it requires faith!” Sure, that’s all well and good, except an actual scientist will NEVER say “Trust the science!” The foundations of science are NOT built on blind trust. It’s built on truth which is established experimentally, which is the opposite of blind trust. It’s very telling that people saying science is flawed are the same folks that don’t understand it.

      It’s largely the same thing as someone saying “Evolution is hogwash. I’ve never seen a monkey turn into a human!” (except evolution doesn’t say that it will either…)

      • BlackSheep@lemmy.caEnglish
        2·
        2 hours ago

        This is a direct result of the degradation of education. Countries that have a higher standard of living for ALL people: health (mental and physical), fair wages, maternity/paternity leave, etc., also have better education standards. In some cases, free university.