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Trump responds to China raising tariffs — by raising tariffs on over half a trillion dollars in Chinese goods

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President Donald Trump (Screen cap).

After US markets tanked on Friday, President Donald Trump dramatically escalated his trade war with China.

“For many years China (and many other countries) has been taking advantage of the United States on trade, intellectual property theft, and much more. Our country has been losing hundreds of billions of dollars a year to China, with no end in sight,” Trump tweeted.

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“Sadly, past Administrations have allowed China to get so far ahead of fair and balanced trade that it has become a great burden to the American taxpayer. As President, I can no longer allow this to happen,” he argued.

Trump then used his Twitter account to announce an increase of tariffs on $550 billion in Chinese goods.

“In the spirit of achieving fair trade, we must balance this very unfair trading relationship. China should not have put new Tariffs on 75 billion dollars of United States product (politically motivated!). Starting on October 1st, the 250 billion dollars of goods and products from China, currently being taxed at 25%, will be taxed at 30%,” he announced. “Additionally, the remaining 300 billion of goods and products from China, that was being taxed from September 1st at 10%, will now be taxed at 15%.”

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Kamala Harris is boosting Biden in a state Trump desperately needs to win: report

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On Saturday, Politico reported that Sen. Kamala Harris (D-CA) being added to Joe Biden's ticket has "electrified" a group of voters who normally are ignored by both parties: West Indian voters. And this could make a big difference in Florida — a state that could decide the outcome of the election.

"Calls from Caribbean radio show hosts flooded the Biden campaign from South Florida. And a jolt of excitement shot through the crowd of early vote poll workers at the Lauderdhill Mall, in the midst of Broward County’s growing Jamaican community," reported Marc Caputo. "'There was just this sense of energy,' state Rep. Anika Omphroy, a daughter of two Jamaican immigrants, said in describing the moment the announcement was received. 'It was all Black women out there working under the tents,' she said. 'It was 98 degrees in August in South Florida, so it was too hot to cheer. But you could feel it, this sense.'"

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WATCH: Protesters dump ballots outside of USPS head Louis DeJoy’s home

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On Saturday morning, angry crowds of protesters gathered outside of pro-Trump Postmaster General Louis DeJoy's residence in Washington, D.C. to protest his organizational changes rolling back capacity at the Postal Service — changes widely suspected of sabotaging mail-in voting ahead of the November election.

The protesters banged together pots and pans and blew air horns. Many of them gathered at the entrance holding fake mail-in ballots and shoved them into the bars of his front door.

Watch below:

Upon arrival.... pic.twitter.com/Y4ipb7iyNx

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2020 Election

Insurance industry front group to bombard Democratic Convention with ads attacking Biden-backed public option

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The ads by the Partnership for America's Health Care Future fearmonger over potential tax hikes and recycle industry talking points against "government-controlled health insurance."

When Democrats convene for their party's virtual convention next week amid the backdrop of a global pandemic, media coverage of the event will be interspersed with insurance industry ads attacking the public option—a policy solution supported by presumptive Democratic nominee Joe Biden—as a "one-size-fits-all approach" that would lead to "government-controlled health insurance."

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