Tipsheet: Trump spurs new wave of economic angst by escalating China fight

View in your browser     Trump spurs new wave of economic angst by escalating China fight BY MORGAN CHALFANT AND BRETT SAMUELS  President Trump on Friday announced he would increase tariffs on more than $500 billion in Chinese goods, marking a new escalation in his trade war with China that has reverberated across the U.S. stock market and global economy.  Trump unveiled his retaliatory measures on Twitter after the markets closed, capping a chaotic week throughout which the president vociferously downplayed speculation that a recession could be on the horizon.  Read the full story here     Five things to watch as Trump heads to G-7 summit BY MORGAN CHALFANT AND BRETT SAMUELS President Trump departed late Friday for what is poised to be a busy, and possibly tense, meeting with leaders of the Group of Seven (G-7) economies in France over the weekend. Here are five things to watch as Trump huddles with the leaders of France, Great Britain, Germany, Japan, India and Canada at the annual G-7 summit.  Read the full story here     Trump on North Korean projectile launches: Kim 'likes testing missiles' BY BRETT SAMUELS President Trump on Friday said he does not believe North Korean leader Kim Jong Un violated any pact with him by launching another round of projectiles, saying Kim "likes testing missiles." Read the full story here     Andrew Yang: News coverage of Trump a 'microcosm' of issues facing country BY JULIA MANCHESTER Democratic presidential hopeful Andrew Yang leaned into his critique of the news media on Friday, arguing in an interview with The Hill that the news media's coverage of President Trump is a "microcosm" of the issues facing the country. Read the full story here       Pelosi asks Democrats for 'leverage' on impeachment BY CRISTINA MARCOS AND MIKE LILLIS    Speaker Nancy Pelosi (D-Calif.) on Friday suggested that House Democrats should refrain from pushing for President Trump's impeachment, warning that a premature effort to oust the president could undermine her case for doing so down the road. Read the full story here     Fed chairman takes swipe at Trump's trade war BY SYLVAN LANE President Trump's feud with Jerome Powell reached new heights Friday as the Federal Reserve chairman delivered his most explicit rebuttal to the president after sustaining more than a year's worth of public attacks. Read the full story here     DOJ office to stop emailing news links after sending white nationalist content to immigration court workers BY JESSICA CAMPISI A Department of Justice (DOJ) office confirmed Friday it will stop sending daily news briefings to immigration court employees after the agency reportedly sent an email to all workers that contained white nationalist content. Read the full story here     Hickenlooper Senate bid faces pushback from progressives BY JORDAIN CARNEY Former Colorado Gov. John Hickenlooper's nascent Senate bid is facing early pushback from progressive candidates and outside groups. Read the full story here     Trump's banks refuse to tell judges if they have his tax returns BY NAOMI JAGODA Lawyers for Capital One and Deutsche Bank refused to tell a federal appeals court in New York on Friday whether they have President Trump's tax returns, citing "contractual obligations," according to CNN and The Washington Post. Read the full story here     Trump wishes Ginsburg well after radiation treatment for tumor BY BRETT SAMUELS President Trump on Friday offered well wishes for Supreme Court Justice Ruth Bader Ginsburg, saying he hopes she makes a full recovery after it was announced she underwent treatment for a cancerous tumor on her pancreas.  Read the full story here     To ward off recession, Trump should keep his mouth and smartphone shut BY LAURENCE KOTLIKOFF Opinion | Each of President Trump's deranged actions has economic implications because they signal his capacity to go economically nuts or even a different kind of nuts when the urge suits him.  Read the full story here     Democrats should stop infighting and start attacking Trump BY ALAN MORRISON Opinion | Hopefully, it will not take the reelection of Donald Trump next year for the Democratic candidates to realize that he is the real enemy and that their continued attacks on each other are diverting the electorate from the most important message that another four years of Trump would take the United States to a place from which it might take decades to recover. Read the full story here     The New York Times: As Amazon Fires Become Global Crisis, Brazil’s President Reverses Course BY ERNESTO LONDOÑO, MANUELA ANDREONI AND LETÍCIA CASADO As an ecological disaster in the Amazon escalated into a global political crisis, Brazil’s president, Jair Bolsonaro, took the rare step on Friday of mobilizing the armed forces to help contain blazes of a scale not seen in nearly a decade. Read the full story here     The Washington Post: A day on the front lines with a Hong Kong protester BY TIMOTHY MCLAUGHLIN Hong Kong’s summer has been defined by upheaval. Gigi, who is 16, has been a constant presence at anti-government demonstrations in the semiautonomous territory. She dons a helmet, goggles and respirator and wedges in with the crowds agitating with police. She has spent much of her school break at front lines, in pitched street battles, dodging tear gas, arrest and sporadic rounds of rubber bullets. Read the full story here     CNN: How the Koch brothers fundamentally changed modern politics BY CHRIS CILLIZZA The death of David Koch on Friday brings an end (if not the end) to one of the most influential (and controversial) chapters in modern American politics. Like them or hate them -- and almost no one feels indifferently about David and Charles Koch -- it's impossible to overlook the impact they have had on our current political culture. Read the full story here     NBC News: The Trump-Boris Johnson relationship is set to get a key test at G-7 meeting BY CAROL E. LEE President Donald Trump’s confidence in his ability to use personal relationships to advance his policy objectives is about to face its stiffest test yet. Read the full story here     The Associated Press: Trump faces limits of go-it-alone stance at global summit BY ZEKE MILLER, DARLENE SUPERVILLE AND JILL COLVIN President Donald Trump heads into a summit with global economic powers confronting the consequences of his preference for going it alone in a polarized nation and an interconnected world. Read the full story here   Did a friend forward you this email? Sign up for The Hill Tipsheet       Forward this Tipsheet     You might like         Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  |  Email to a friend  |  Sign Up for Other Newsletters   The Hill 1625 K Street, NW 9th Floor, Washington DC 20006 ©2016 Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc.