Trump Rages as China Slaps Tariffs on Another $75 Billion in U.S. Goods
China announced Friday they would impose steep tariffs on another $75 billion in U.S. goods in retaliation for a similar move by Donald Trump.
The tariffs came as something of a surprise to the White House, since trade representatives from both countries were set to meet next month with the administration voicing optimism that a deal would get done.
That's not likely now.
Earlier this morning, the president let loose a tweetstorm, promising China would suffer dire consequences and, strangely, "ordering" American businesses to "start looking for an alternative to China" and "bringing your companies home."
Trump has no authority to issue those orders.
Our unhinged president then called Federal Reserve Board Chairman Jay Powell, whom Trump appointed, an "enemy":
What statutory authority does Trump have to order American companies around like subjects of the realm? Apparently, none.
Trump leaves himself wide open to attacks on his knowledge and intelligence with bombast like this. The president is not an emperor. He can't "order" private companies to do anything. Congress might want to look at legislation that would accomplish much the same thing that Trump is "ordering," but there isn't a chance in hell it would ever make it to Trump's desk, not to mention the numerous court challenges that would ensue.
The recent brouhaha about Trump claiming to be the "chosen one" raises an interesting question. Did it go to his head and make him think he really is the second coming?