President Trump faced pressure from CEOs of major retailers warning that his tariff policy could lead to empty shelves in stores. Following this, the White House indicated a potential shift in trade stance as financial markets reacted positively. Treasury Secretary Bessent acknowledged that ongoing trade tensions with China were unsustainable, and retailers predicted noticeable supply disruptions. Investors responded favorably to Trump's assurance that he would not fire Fed chief Powell, contributing to market stabilization amidst worrying economic forecasts.
The big box CEOs flat out told him [Trump] the prices aren't going up, they're steady right now, but they will go up. And this wasn't about food.
Treasury Secretary Scott Bessent admitted an ongoing trade war with China was not sustainable, noting, 'Neither side thinks the status quo is sustainable.'
Enterprises warned that disruptions could become noticeable in two weeks, indicating immediate impact from the tariff policy on supply chains.
As investors learned of the administration's softer trade position, markets rallied, calming fears over Trump's threats towards the Federal Reserve.
Collection
[
|
...
]