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Trump increases China tariffs as stocks tumble amid latest trade tensions
President posts odd tweet blaming markets’ jitters on largely unknown House Democrat

A container ship sits docked at the Port of Oakland in Oakland, California. President Donald Trump and China traded barbs again Friday in an escalating trade battle that has prompted global recession fears. (Photo by Justin Sullivan/Getty Images)

Capping an extraordinary day of major power muscle-flexing and more odd presidential behavior, Donald Trump on Friday answered a tariffs threat from Beijing by increasing coming import duties on $550 billion worth of Chinese-made items.

“Sadly, past Administrations have allowed China to get so far ahead of Fair and Balanced Trade that it has become a great burden to the American Taxpayer. As President, I can no longer allow this to happen! In the spirit of achieving Fair Trade, we must Balance this very....” he wrote in a tweet before adding in another: “..unfair Trading Relationship. China should not have put new Tariffs on 75 BILLION DOLLARS of United States product (politically motivated!).”

Trump, self-described ‘Chosen One,’ heads to G-7 looking for ‘respect’
President heads to France summit after an odd, chaotic week — even by his standards

President Donald Trump speaks to the media before departing the White House on Wednesday, a gaggle during which he called himself “The Chosen One” and gestured toward the heavens. He leaves Friday night for a G7 summit in France. (Mark Wilson/Getty Images)

Look out, Biarritz, here comes “The Chosen One.

The chic resort town on France’s picturesque Basque coastline will host a G-7 summit this weekend amid worries about a global recession and fraying alliances in Europe and Asia. President Donald Trump — who used that moniker Wednesday to describe himself as a savior in a decades-old trade dispute with China despite so far failing to resolve a single issue — will be center stage after one of the most erratic and strange weeks of his wild presidency.

Now background checks are back on the table as Trump veers again
POTUS makes Danish leader latest female critic he has dubbed ‘nasty’

President Donald Trump on Wednesday said his administration will push for background checks legislation that would close “loopholes.” (Alex Wong/Getty Images file photo)

President Donald Trump on Wednesday continued careening from one policy stance to the opposite, this time saying he has an “appetite” for background checks legislation after twice this week backing away from just that.

“We’re going to be doing background checks,” Trump told reporters before departing the White House for a speech to military veterans and two fundraising events in Kentucky. Notably, he said his focus would be on closing so-called “loopholes” in existing laws.

$960B deficit expected this year, more than $1 trillion next
The return to trillion-dollar deficits has been moved up by two years from the previous forecast in May

Its sign is seen at the office of Congressional Budget Office. The office said in its updated budget and economic outlook that the federal deficit is likely to reach $960 billion in the fiscal year ending Sept. 30. (Alex Wong/Getty Images)

The Congressional Budget Office has upped its estimate of current and future deficits largely as a result of the two-year budget deal enacted last month, which the agency projects will add $1.7 trillion in red ink over 10 years.

That forecast assumes that the increased spending in fiscal 2020 and 2021 thanks to the higher caps will continue throughout the decade-long budget window, growing with inflation. At the same time, changes to the economic forecast and a reduction in estimated interest rates will partly offset the spending increases, the agency said in its latest budget and economic outlook.

Payroll tax cuts off the table? Not so fast, says Trump in another whiplash reversal
No immediate move likely on taxes, as president also distances himself from gun background checks

President Donald Trump concludes a campaign rally at the Williamsport Regional Airport in Montoursville, Pa., May 20. (Tom Williams/CQ Roll Call file photo)

Updated 4:15 p.m. | In yet another whiplash policy reversal, President Donald Trump directly contradicted his staff Tuesday by saying payroll tax cuts are on the table as he looks to stave off an election-year recession.

A White House official on Monday afternoon, responding to a Washington Post report that the White House was eyeing a payroll tax cut amid recession fears, dismissed the idea this way: “More tax cuts for the American people are certainly on the table, but cutting payroll taxes is not something under consideration at this time.”

Lowey faces her first primary challenge in three decades
Powerful chairwoman to face 32-year-old newcomer in Democratic contest

House Appropriations Chairwoman Nita M. Lowey, an 82-year-old incumbent who was first elected in 1988, speaks to reporters in July 2019. (Tom Williams/CQ Roll Call file photo)

The year was 1988. Def Leppard topped the charts and stonewashed jeans were all the rage. It was also the last time powerful House Appropriations Chairwoman Nita M. Lowey faced a primary challenge.

That’s all changed now with the decision by Mondaire Jones, a former Obama administration Justice Department staffer and attorney for Westchester County’s Law Department, to challenge Lowey in next June’s primary. The 32-year-old political novice plans to take on the New York Democratic incumbent over her positions on issues ranging from climate change to student debt forgiveness to oversight of the Trump administration.

White House readies $4 billion foreign aid cuts package
Proposal to eliminate unspent funds could ratchet up tensions with Congress over appropriations

President Donald Trump's administration could send Congress a proposal to cancel $4 billion in foreign aid funding in the coming days. (Zach Gibson/Getty Images)

The White House budget office on Thursday evening sent a proposal to trim unspent foreign assistance funds by “north of $4 billion” to the State Department for review, according to a senior administration official.

The final price tag of the rescissions package, which could also target unspent balances at the U.S. Agency for International Development, would likely change before being formally submitted to Capitol Hill, the official said.

Undeterred Trump to tout economy in ‘toss-up’ New Hampshire despite stock tumble
It’s not ‘guaranteed’ every Clinton state will remain blue in 2020, analyst says

President Donald Trump greets Blake Marnell of San Diego during a rally at the Williamsport Regional Airport in Montoursville, Pa., on May 20. He will hold another rally Thursday night in New Hampshire. (Tom Williams/CQ Roll Call file photo)

A White House official grimaced slightly Wednesday as a cable news chyron showed stocks plummeting, potentially undercutting President Donald Trump’s Thursday plans to say his stewardship of a strong economy should help earn him a second term.

Trump will make another campaign-trail pitch to voters Thursday evening in what his aides see as a likely 2020 battleground state that could be a photo finish next November: New Hampshire.

Border emergency hits six months; ball back in Congress’ court
Lawmakers may again try to terminate Trump's declaration allowing him to shift funds for wall construction

Speaker Nancy Pelosi and other House Democrats appear in February at a news conference on the joint resolution to terminate Trump's emergency declaration. It is not clear whether they will try again to pass a similar measure. (Bill Clark/CQ Roll Call file photo)

Thursday marks six months since President Donald Trump declared a national emergency on the southern border, a notable anniversary because it gives Congress another shot at ending it.

The flashpoint in the debate remains funding for the construction of a wall along the Mexican border, a prominent pledge made during Trump’s 2016 presidential bid that now hangs over the 2020 campaign.

Trump reprises his pitch as the only savior for a Rust Belt battleground
Environmental groups call Pennsylvania facility he visited part of a ‘cancer alley’

President Donald Trump speaks during a rally at the Williamsport Regional Airport in Montoursville, Pennsylvania on May 20. He was back in the state, his 11th visit in two years, on Tuesday. (Photo By Tom Williams/CQ Roll Call)

President Donald Trump interrupted his summer vacation Tuesday to again court Rust Belt voters that helped deliver him the White House, espousing false statements and bold promises as he seeks a second term.

“The political class in Washington gutted … your factories,” Trump told workers at a new Shell-owned petrochemical plant in Beaver County, along the border with Ohio, another perennial swing state he also won in 2016. Trump also blamed other countries for American industrial decline, drawing cheers when he told the audience “they have been screwing us for years.”