Earlier this month, Donald Trump insisted that he was this close to winning his trade war with China, a claim that Beijing shot down on Friday when it slapped the U.S. with new tariffs on $75 billion worth of goods including soybeans, oil, and automobiles. Anyone who’s been paying attention could have predicted this development, given China has indicated all along that they’re in this thing for the long haul if Trump keeps his tariffs up. And then you have the president, who was seemingly caught off guard by the news, and whose batshit reaction caused the Dow to drop hundreds of points:

For those who don’t speak feral pigeon, that’s the president of the United States—the one who says universal health care would turn the country into a socialist hellhole—claiming that we don’t “need” the second-largest economy in the world and that he’s ordering U.S. companies, via tweet, to cease doing business with it.

Ranting nonsensically about how companies that manufacture a metric fuck-ton of products in China must “immediately” bring their factories home wasn’t the only market-spooking insanity out of the president this morning. Shortly before his rant against Beijing, he unleashed yet another attack on the Federal Reserve for having the audacity to tell people that, while the economy has continued to perform well overall, “trade policy uncertainty seems to be playing a role in the global slowdown.” For such a show of disloyalty, Trump hit Fed chief Jerome Powell with a label he usually reserves for the free press:

On Thursday the Washington Post reported that the White House has discussed “creating a rotation among the Federal Reserve governors that would make it easier to check the power” of Powell who, you might have heard, Trump blames for not juicing the economy with cheap money, and who the president thinks is intentionally trying to cause a recession. That it’s actually Trump’s trade war that’s threatening to push us into a downturn, and that it’d be helpful if he could be rotated out of the job, has apparently not been considered.

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