WASHINGTON (AP) — President Donald Trump is escalating his trade fight with China, imposing new retaliatory tariffs and ordering American companies to consider alternatives to doing business there. He's also blaming Jerome Powell, the man he appointed as chairman of the Federal Reserve, for the state of the domestic economy. Trump tweeted a question wondering who was a "bigger enemy" of the U.S. – Powell or Chinese President Xi Jinping.
WASHINGTON (AP) — Federal Reserve Vice Chairman Richard Clarida says he was too busy at the central bankers' conference in Jackson Hole, Wyoming, to read President Donald Trump's tweets, including the one in which Trump says he can't decide "who is our bigger enemy, Jay Powell or Chairman Xi," referring to China's President Xi Jinping. Clarida says the Fed will keep pursuing its mandate of maximizing employment and stabilizing prices regardless of what Trump says.
UNDATED (AP) — President Donald Trump's angry Twitter threats responding to China's new tariffs on $75 billion in U.S. goods sent the Dow Jones Industrial Average tumbling more than 600 points on Friday. The S&P suffered its fourth straight weekly loss. After the markets closed, the president said the U.S. would increase existing tariffs on $250 billion in Chinese goods to 30% from 25%, and that new tariffs on another $300 billion of imports would be 15% instead of 10%.
SEOUL, South Korea (AP) — North Korea has fired two suspected short-range ballistic missiles off its east coast for the seventh time in a month, after it threatened to remain America's biggest threat in protest of U.S.-led sanctions on the country. The North had been expected to halt weapons tests because the 10-day U.S.-South Korean drills, which it views as an invasion rehearsal, ended earlier this week. President Donald Trump downplayed the latest launch, saying "we never restricted short-range missiles."
WASHINGTON (AP) — Supreme Court Justice Ruth Bader Ginsburg has completed radiation therapy for a cancerous tumor on her pancreas. The high court says Ginsburg "tolerated treatment well" and there is no evidence of the disease remaining. She does not need any additional treatment but will continue to have periodic blood tests and scans. As the court's oldest member, Ginsburg has been asked questions for years about her health and retirement plans.
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