Trump softens tariff tone amid empty shelves warning, market slump
By Marc Caputo and Ben Berkowitz, Axios
President Trump got a scare from CEOs and markets on Monday. On Tuesday, he blunted some of his sharpest threats — signaling a softer stance on China and retreating from fiery rhetoric targeting the Fed.
Why it matters: The president is resolute in his goal of reshaping the economy. But he’s sensitive to the movement of the markets and the pleas of powerful corporate leaders and investors who fear the worst from his sweeping efforts.
