| | | | Trump as the not-so-happy trade warrior |  | | As warning signs of an economic slowdown bubble up at home, President Donald Trump has amped up his trade war with China. And he's using a ... unique ... way to do so.
"Our great American companies are hereby ordered to immediately start looking for an alternative to China," Trump tweeted on Friday. While the statement immediately ricocheted through the media, Trump's authority to "hereby order" companies to do something does not exist.
This came after China announced a new round of tariffs against US-made goods.
Trump didn't reserve his ire for China this week, either. "My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump mused on Twitter on Friday.
Trump appointed Powell the chair of the Federal Reserve in 2018, but has (apparently) soured on the pick. "Our Federal Reserve does not allow us to do what we must do. They put us at a disadvantage against our competition," Trump tweeted on Thursday. He also said Wednesday that Powell had raised interest rates "too fast, too furious."
Trump maintained at a news conference Wednesday that the US economy is in a great condition: "But our economy is the strongest in the world, by far. Nothing even close. And a lot of good things are happening."
Despite it, Trump is pitching himself as a happy warrior in the trade war.
The President said he was "the chosen one" to take on China on Wednesday, while lifting his hands and raising his eyes to the sky.
Trump now heads out of the country -- and further onto the international stage -- for the G7 summit in France. He's also reportedly unhappy to have to go.
The Point: Trump may sound like a happy warrior amid the trade war, but he's certainly not acting like it.
-- Lauren
And now, the week in 16 headlines: Monday: Tuesday: Wednesday: Thursday: Friday: | | "The Dow is down 573 points perhaps on the news that Representative Seth Moulton, whoever that may be, has dropped out of the 2020 Presidential Race!"
-- President Donald Trump on why the market took a dive on Friday. Moulton's response: "I'm glad he thinks I have more influence on the Dow than he does." | | |  | Donald Trump and Anthony Scaramucci: Bros to foes | | The relationship between these two noted New Yorkers reads like a top-rated television series. From acquaintances in the finance world to friends and then bitter enemies, here is everything you need to know about this decades-long drama.
Stay in the know with The Point on YouTube! | | | There are two new releases called "Lover" -- check out versions from Taylor Swift AND Noah Gundersen. | |
LAUREN'S CAMPAIGN TRAIL SCHEDULER | | Happening through the next week: The Democratic National Committee's summer meeting draws everyone but Joe Biden to California, and two more contenders get their CNN town hall treatment on Sunday night. Meanwhile, the August 28 polling deadline looms.
Friday, August 23 - DNC Summer Meeting: Nearly every candidate still in the race -- except Joe Biden -- is in San Francisco for the party's summer meeting. Speakers include Michael Bennet, Cory Booker, Kamala Harris, Amy Klobuchar, Bernie Sanders, Elizabeth Warren, Tim Ryan, Julián Castro, Marianne Williamson, Andrew Yang, Tom Steyer and Joe Sestak (plus Seth Moulton, who announced in his speech at the meeting that he's dropping out of the race).
- Joe Biden: Kicked off a two-day swing through New Hampshire with a town hall.
Saturday, August 24 - Kamala Harris: Holds a campaign event in North Carolina.
- Bernie Sanders: Heads to Minnesota for a visit to the state fair and a fundraiser.
Sunday, August 25 Monday, August 26 Wednesday, August 28 Thursday, August 29 | | | | | | |
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