Empty shelves and financial turmoil: Why Trump backed down

Video Description

The White House changed its tone on both China tariffs and Federal Reserve Chair Jerome Powell, and the shift pushed stocks higher. The CEOs of Walmart, Target, Lowe’s and Home Depot met with President Trump in the Oval Office to discuss the tariffs’ impact on retail, and warned the President of “empty shelves.” Trump’s advisers were alarmed by his attacks on Powell and his unprecedented tariffs, particularly on China. “Trump Chickened Out” is trending on social media in China, as Trump has said that China tariffs will drop “substantially” but “won’t be zero.” 0:00 CNN business and politics correspondent Vanessa Yurkevich on Sec. Bessent’s remarks on the trade war 4:02 CNN chief national affairs correspondent Jeff Zeleny on Trump’s impromptu North Lawn comments on tariffs 9:24 CNN senior White House reporter Kevin Liptak discusses Trump’s remarks on China 12:51 Panel discussion with CNN senior correspondent Kayla Tausche, The Atlantic’s Franklin Foer, and NPR’s Ayesha Rascoe 20:53 Ex-Trump economic adviser Stephen Moore discusses President Trump’s negotiating approach #CNN #News