Aug 23, 2019

Trump tells American businesses to leave China

President Trump significantly escalated his trade war rhetoric on Friday with a series of tweets — just two days after tweeting that things were "great with China."

"Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA."

The bottom line: It should go without saying that Trump doesn't have the authority to order U.S. companies to look for alternatives to China.

Go deeper: China announces retaliatory tariffs on $75 billion of U.S. goods

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The tweets of August

Illustration: Sarah Grillo/Axios

President Trump may not intend to launch the 2nd Cold War, but his tweets on Friday laid out one path to get there.

Why it matters: The president is using Twitter to demand a conscious uncoupling of the world's two largest economies.

Go deeperArrowAug 23, 2019

Trade war: Trump says China wants to restart negotiations

Photo: Nicholas Kamm/AFP/Getty Images

President Trump said on the sidelines of the G7 summit in Biarritz, France, Monday that China has contacted his administration to request for trade talks to resume.

Go deeperArrowUpdated Aug 26, 2019

Trump escalates tariffs on hundreds of billions of dollars worth of Chinese imports

President Trump said he would raise tariffs against China on Friday in the aftermath of China's newly announced tariffs and a steep stock market drop.

What's happening: Trump said on Friday that $250 billion worth of goods and products from China would be taxed at 30% instead of 25%, starting Oct. 1, and the remaining $300 billion worth of goods will be taxed at 15%, instead of 10%.

Go deeperArrowAug 23, 2019