CEO Warnings Force Trump Tariff Retreat
Following warnings from major retail CEOs about imminent price increases and empty shelves due to his trade policies, President Trump significantly softened his rhetoric. His threats to fire Federal Reserve Chair Jerome Powell were also dialed back after market reactions caused significant stock drops. Consequently, Trump announced a reduction in planned tariffs and expressed optimism for a trade deal with China. These policy shifts, along with Treasury Secretary Steven Mnuchin’s influence, led to a significant market rally. The president’s altered stance followed warnings from his economic advisors about the potential for further economic turmoil.
John Q. Hosedrinker 
Matt Underwood