China counterpunches on tariffs, retrogression fears grow

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Stocks thrust as China announces retaliatory tariffs, Trump goes on offensive

The Dow takes a dive as China announces retaliatory tariffs on some U.S. goods, President Trump rips Federal Reserve; Kevin Corke reports from a White House.

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On a roster: China counterpunches on tariffs, retrogression fears grow – Moulton departs, warns Dems on left surge – Pompeo, eying probable Senate run, nuzzles donors – Audible: Did we locate a niner in there? – That escalated quickly

CHINA COUNTERPUNCHES ON TARIFFS, RECESSION FEARS GROW
AP: “The U.S. has pronounced it skeleton to levy 10% tariffs on $300 billion of Chinese products in dual steps, on Sept. 1 and Dec. 15. China on Friday announced new tariffs on $75 billion of U.S. products in plea for those tariffs, deepening a dispute over trade and record that threatens to tip a weakening tellurian economy into recession. China also will boost import duties on U.S.-made autos and automobile parts, a Finance Ministry announced. The proclamation comes as leaders of a Group of 7 vital economies ready to accommodate in France this weekend. Tariffs of 10% and 5% will take outcome on dual batches of products on Sept. 1 and Dec. 15, a method pronounced in a statement. It gave no sum of what products would be influenced though a timing matches Trump’s designed avocation hikes.”

Trump: Americans ‘hereby ordered’ to evade business with China – Politico: “President Donald Trump on Friday used a twitter to sequence U.S. companies to find an choice to doing business with China, as he lashed out during Beijing’s latest turn of retaliatory tariffs and affianced to respond to them after in a day. It was misleading accurately what Trump meant with a sequence or how many force it has, though a tweets prisoner a president’s disappointment as his sharpening trade fight with China weighs on a economy and heightens a risk of a retrogression during an choosing year. … [Trump tweeted], ‘Our good American companies are hereby systematic to immediately start looking for an choice to China, including bringing your companies HOME and creation your products in a USA. we will be responding to China’s Tariffs this afternoon. This is a GREAT eventuality for a United States.’”

Trump might reason behind taxation cut for choosing boost - WSJ: “A tip Trump ad­min­is­tra­tion of­fi­cial pronounced Thurs­day a mid­dle-class tax-cut pro­posal could be un­veiled dur­ing a 2020 pres­i­den­tial cam­paign, adding a new covering to a set of con­flict­ing mes­sages from a White House. ‘You unequivocally might good see a new roll­out of ad­di­tional, ad­di­tional mid­dle-class taxation re­lief and small-busi­ness taxation re­lief,’ Lawrence Kud­low, a White House Na­tional Eco­nomic Coun­cil di­rec­tor, pronounced Thurs­day dusk on Fox Busi­ness Net­work. Pres­i­dent Trump pronounced Wednes­day tax-cut pro­pos­als weren’t be­ing considered, con­tra­dict­ing re­marks he had done a day ear­lier amid re­ports of a slow­ing economy.”

Campaign urges womanlike supporters to go open – AP: “The Trump discuss has a summary for a womanlike supporters: It’s time to come out of hiding. ‘There’s a lot of people that are aroused of expressing their support, and we wish we ladies to know it’s OK to have felt that way, though we need to pierce past that or a Democrats win,’ pronounced Tana Goertz, a Trump discuss adviser, during an Iowa ‘Women for Trump’ eventuality on Thursday. The Iowa event, hold in a behind room of a grill corner in a Des Moines suburb, was one of some-more than a dozen in bridgehead states inhabitant as partial of a pull to make a president’s box on a economy and sight volunteers. … But polling suggests his hurdles persist. The many new Associated Press-NORC Center for Public Affairs Research check found usually 30% of women approve of a approach a boss is doing his job, compared to 42% of men. Notably, there was no opening between Republican organisation and women — 80% of both groups pronounced they authorized of his pursuit opening in a Aug poll.”

THE RULEBOOK: TEN HUT 
“As distant as an army might be deliberate as a dangerous arms of power, it had improved be in those hands of that a people are many expected to be sceptical than in those of that they are slightest expected to be jealous.” – Alexander Hamilton, Federalist No. 25

TIME OUT: A FULL PLATE 
Smithsonian: “Stegosaurus is one of a many renouned and obvious dinosaurs, identifiable by a diamond-shaped plates marching down a behind from a bottom of a neck to a finish of a spiky tail. A new citation unearthed in a plateau of Morocco shows that a antiquated category is many comparison and some-more geographically wide-ranging than paleontologists formerly believed. The specimen, that is suspicion to paint a new category and classification of stegosaurs, was identified by a organisation led by Susannah Maidment of a Natural History Museum in London, reports the Press Association. The fossils found in Morocco’s Middle Atlas Mountains usually embody a few vertebrae and an tip arm bone, though it was adequate to brand a skeleton as belonging to one particular stegosaur.”

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SCOREBOARD
Average approval: 41.6 percent
Average disapproval: 54.4 percent
Net Score: -12.8 percent
Change from one week ago: no change
[Average includes: Monmouth University: 40% approve – 53% disapprove; CNN: 41% approve – 54% disapprove; NBC News/WSJ: 43% approve – 55% disapprove; Fox News: 43% approve – 56% disapprove; Gallup: 41% approve – 54% disapprove.]

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MOULTON DEPARTS, WARNS DEMS ON LEFT LURCH  
NYT: “Representative Seth Moulton of Massachusetts is dropping out of a presidential race, finale a candidacy that emphasized Mr. Moulton’s centrist politics and troops use though gained no traction with Democratic primary voters. Mr. Moulton, 40, pronounced in an speak that he had no clear skeleton to validate another candidate, though he tenderly praised former Vice President Joseph R. Biden Jr. … Mr. Moulton suggested that many of a other Democratic possibilities were also laboring in vain during this point, with usually a little few – Mr. Biden and Senators Elizabeth Warren and Bernie Sanders – remaining as genuine competitors for a nomination. He warned in a speak that if Democrats were to welcome an overly magnanimous platform, it could make it harder for a celebration to better President Trump. ‘I consider it’s clear that this is now a three-way competition between Biden, Warren and Sanders, and unequivocally it’s a discuss about how distant left a celebration should go,’ Mr. Moulton said.”

Bernie worries Dems with large immature spending offer - WaPo: “Sen. Bernie Sanders due a $16.3 trillion meridian devise Thursday, an expanded plans meant to increase American ambitions on combating heavenly warming in a presidential discuss already noted by assertive Democratic approaches. … Averaging some-more than $1.6 trillion a year for 10 years, a new module would dwarf a whole annual U.S. discretionary budget, that was about $1.3 trillion in 2018, and would volume to some-more than double a stream troops budget. … The offer fits Sanders’s settlement of staking out positions that symbol a magnanimous corner of the Democratic field. The devise risks alienating centrists in a primary and ubiquitous elections, though it could also boost Sanders’s self-depiction as a loyal insubordinate in a field.”

Liberals pounce on Harris’ abandonment of Medicare for all – Politico: “Kamala Harris offered her health caring devise awaiting to overpass a party’s divides and decisively answer doubts about her see-sawing positions. But in a month since, a California Democrat is still struggling to plead attacks from her arch rivals who are poking holes in a specifics… Harris’ concept coverage devise has been praised by some-more than a dozen health process wonks and former Obama administration officials, including some who cite it to Sanders’ chronicle of Medicare for All. But politically, it’s been a muddle: It’s contrast either a senator not famous for her health caring imagination has a inventiveness to thread a needle between Sanders and Biden on a difficult policy. And it’s accelerated questions about since Harris upheld Sanders’ devise for scarcely dual years, station with him during a 2017 unveiling, before revelation this week to prolonged harboring doubts about a Vermont senator’s proposal.”

Biden goes all in electability – WaPo: “Joe Biden, his mother and his whole discuss apparatus have put an electability evidence front and core this week in an try to diffuse any slow concerns among Democrats about his ideology, his age or his written mistakes. While acknowledging that many in a celebration don’t determine with him — and that he might not excite them — they are attempting to make a box that he is a Democrat best positioned to better President Trump. … Electability is a indicate of his initial discuss ad, now airing opposite Iowa. It includes a striking display 4 polls in that Biden handily degraded Trump. …  As a Democratic primary discuss trundles on, Biden is winning respectful acclaim from audiences that honour him though clearly are not as dismissed adult by his participation as are crowds for other candidates. He has done written miscues scarcely daily as his some-more trained opponents form closely to their selected messages.”

POMPEO, EYING POSSIBLE SENATE RUN, NUZZLES DONORS 
NYT: “[On] a outing on Tuesday to New York, Secretary of State Mike Pompeo met with Ronald S. Lauder, a cosmetics successor and billionaire Republican donor, dual people briefed on a assembly said, vocalization on a condition of anonymity to news a closed-door gathering. He afterwards met with a regressive group, a Committee to Unleash Prosperity, that customarily hosts events with impending candidates. That assembly included Steve Forbes, a authority of Forbes Media; a economist Arthur B. Laffer; and John A. Catsimatidis, a former New York City mayoral candidate. Mr. Pompeo’s channel gave usually some-more faith to a unchanging speak in Washington that Mr. Pompeo was severely weighing a run for Senate from Kansas, a step adored by Republicans disturbed about holding a chair subsequent year though one that would leave a hole in a tip ranks of President Trump’s inhabitant confidence team.”

Kansas congressman underneath vigour to renounce – Topeka [Kan.] Capital-Journal: “Kansas Republican U.S. Rep. Steve Watkins declined to answer news reporters’ questions during a discuss eventuality Thursday amid a flurry of bipartisan conjecture his career in Congress could come to an sudden finish after 8 months in office. Instead, he bolted into a watchful car and sped away. Republicans in Kansas and Washington, D.C., were pressuring Watkins to step down, though a reason for a probable abdication wasn’t certain. Jim Joice, a orator for Watkins, pronounced there would be no resignation. … Watkins narrowly degraded Democrat Paul Davis during a violent 2018 discuss in that questions were lifted about Watkins’ troops use and his diagnosis of women in Kansas, Alaska and elsewhere. The Topeka Capital-Journal reported he was dating women in Topeka during a discuss while intent to be married and after he was wed, and identified a Wasilla, Alaska, proprietor who indicted Watkins of neglected passionate advances. Watkins called a allegations ‘preposterous.’”

PLAY-BY-PLAY
Wayne LaPierre surviving scandal, settling scores - NYT

David Koch, billionaire philanthropist, regressive romantic and donor, dies during 79 - WSJ

AUDIBLE: DID WE CATCH A NINER IN THERE?
“There aren’t that many fun contribution about me. There unequivocally aren’t that many fun non-facts about me. we done a D in my final math category in high school, never took one in college, have not taken one given and continue to trust that 0 x 3 = 0, though 3 x 0 = 3.” – Former Rep. Trey Gowdy, R-S.C., in a birthday edition interview with Politico Playbook on Thursday. 

ANY GIVEN SUNDAY
Tune in this weekend as Mr. Sunday sits down with Treasury Secretary, Steven Mnuchin and Sen. Amy Klobuchar, D-Minn. Watch “Fox News Sunday with Chris Wallace.” Check internal listings for promote times in your area.

#mediabuzz - Host Howard Kurtz has a latest take on a week’s media coverage. Watch #mediabuzz Sundays during 11 a.m. ET. 

FROM THE BLEACHERS
“One final criticism concerning Marsha Carpenter’s position [from Thursday’s Halftime Report audible] to opinion for any presidential candidate, as prolonged as they’re a Democrat. we can conclude her position. In 2016, my thoughts were many a same. we mostly settled that we would opinion for anyone, or anything, not named Hillary Clinton…even a pencil, since during slightest it had a point. See, dual can do sarcasm!” –Paul K. Schnier, Shoreham, N.Y.

[Ed. note: Zing!]

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THAT ESCALATED QUICKLY
The Guardian: “It all started on Monday when Fraser Harvey walked into his internal cafeteria in Melbourne [Australia’s] city centre. To symbol his consistent visits to a Sensory Lab opening on Collins Street, he put adult a tiny print that crowned him as a favourite customer. … Two hours after Harvey put adult his picture, he returned to find someone had usurped him. A framed certificate claimed an unknown opposition was ‘Customer of a week (Every week)’. …Harvey returned with his possess support – an even bigger one. But afterwards his tormenter-in-chief performed apparatus to plan her face over a whole store. On Thursday Harvey told Guardian Australia he had finally put a stop to a stupidity – by copy cards for a Fraser Harvey Memorial Coffee Loyalty Programme, and crafting shirts for a staff with his face on them. … But on Friday Fraser’s enemy denounced her masterstroke – a permanent tattoo of a Sensory Lab coffee cup. Revealing her temperament as Harriet Noall – an civic planner who works above a cafeteria – she told Guardian Australia she was now clearly a cafe’s favourite customer.”

AND NOW, A WORD FROM CHARLES…
“Capitalism’s clamp is that it turns all – even, say, a woman’s initial ancestral run for a White House – into cash. Communism’s clamp is that it turns all – even, say, chess – into politics.” – Charles Krauthammer (1950-2018) writing in a Washington Post on Mar 1, 1985.

Chris Stirewalt is a politics editor for Fox News. Brianna McClelland contributed to this report. Want FOX News Halftime Report in your inbox each day? Sign up here.

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