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Trump says he wouldn't stop Fed Chair Powell if he offered to resign

WASHINGTON (Reuters) - U.S. President Donald Trump sharply criticized Federal Reserve Chairman Jerome Powell on Friday and said he wouldn’t try to stop the chief U.S. central banker if he offered to resign.

Trump, departing the White House to travel to the G7 summit in France, told reporters, “I’m not happy with Jay Powell.”

His comments continued a war of words against Powell that, along with retaliatory tariffs imposed on U.S. goods by China, helped trigger a sharp drop on Friday in the U.S. stock market.

Trump defends ordering companies to leave China

WASHINGTON (AP) — The Latest on the escalating trade war between the U.S. and China, the world’s two largest economies (all times local):

12:35 a.m.

President Donald Trump is pushing back against those questioning whether he has the authority to order American companies to cut trade ties with China.

Trump on Friday morning tweeted that he “hereby ordered” U.S. companies to seek alternatives to doing business in China. The White House did not cite what authority the president could use to force private businesses to change their practices.

Is Trump's economic team up for a trade war?

WASHINGTON (AP) — Facing a trade war against China that has shaken the global economy, President Donald Trump gathered his most trusted economic aides in the Oval Office.

The assembled brain trust for Friday’s urgent consultations included an economics chief best known for his stint as a cable TV commentator; a trade adviser whose pro-tariff views are outside the economic mainstream; and a treasury secretary (joining by phone on his way back from vacation) who made millions off the housing crisis and then turned to financing Hollywood movies.

US stocks tumble as US-China trade war rattles investors

USA (AP) — The Dow Jones Industrial Average plunged more than 600 points Friday after the latest escalation in the trade war between the U.S. and China rattled investors. The broad sell-off sent the S&P 500 to its fourth straight weekly loss.

Stocks tumbled after President Donald Trump responded angrily on Twitter following China’s announcement of new tariffs on $75 billion in U.S. goods. In one of his tweets he “hereby ordered” U.S. companies with operations in China to consider moving them to other countries — including the U.S.

Trump raises tariffs on Chinese goods as trade war escalates

WASHINGTON (AP) — President Donald Trump angrily escalated his trade fight with China on Friday, raising retaliatory tariffs and ordering American companies to consider alternatives to doing business there.

He also blamed Jerome Powell, the man he appointed as chairman of the Federal Reserve, for the state of the domestic economy, wondering who was a “bigger enemy” of the U.S. — Powell or Chinese President Xi Jinping.

China retaliates - $75bn of US goods will be subjected to additional tariffs

US-China trade war has intensified with China’s announcement of additional tariffs on $75 billion worth of American products, and resume levies on American autos and auto parts.

China's Finance Ministry will place 5% or 10% of additional tariffs on US imports starting from 1st September. Ministry also announced plans to resume tariffs on US imports of automobiles and automobile parts.

Myanmar military committed ‘systematic’ sexual violence against minorities: UN experts

UNITED NATIONS, Aug 23 (APP): Myanmar’s military must stop using sexual and gender-based violence to terrorize and punish ethnic minorities, according to a new report from the United Nations International Fact-Finding Mission.

“Extreme physical violence, the openness in which it is conducted … reflects a widespread culture of tolerance towards humiliation and the deliberate infliction of severe physical and mental pain or suffering on civilians,” the report said.

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