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WATCH: Trump’s trade advisor goes live on Fox Business — and immediately gets blindsided by China’s retaliation

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President Donald Trump’s chief economic adviser got a rude welcome on the Fox Business Network on Friday morning as host Maria Bartiromo dropped a bomb on him and informed him that China had just smacked the U.S. with an unexpected round of tariffs.

Assistant to the President, and Director of Trade and Manufacturing Policy Peter Navarro — called by some the president’s economic Rasputin — seemed genuinely stunned by the new $75 billion tariffs in retaliation for the president’s trade war.

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“We have breaking news, China is announcing new tariff rates to apply and as a result, this market has completely reversed course,” Bartiromo stated while displaying a ticker showing the stock market plunging.

“Here is the news,” she continued. “Beijing will raise the import tariff rate on some goods. It will apply to that $ 75 billion worth of goods and in a nanosecond this market reversed course — Dow industrials down 91 points. Joining me right now on breaking news, is Office of Trade and Manufacturing Policy Director, Peter Navarro. It’s good to see you, timing is everything, isn’t it my friend?”

“You can’t make this up,” Navarro said while shaking his head and then adding, “This is not planned, by the way.”

“No, but Beijing is out,” she countered. “And it is saying what it is it is going to do. going to do: $75 billion. You knew a retaliatory move was coming, is it worse than you expected?”

Unprepared to respond, Navarro attempted, “Look, we know China is going to do what it is going to do. Here is the thing that is really interesting, in the two and a half years that the president has been in office, he has galvanized the American people and Capitol Hill behind his China policy. And we know why, China steals our stuff. They flood our communities with fentanyl and everything in between. I think the risk here for China when it does things like this is simply to galvanize support even more for the president. So look we are going to have negotiations.”.”

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Noting his lack of specifics, and Navarro dismissing the stock market downturn, Bartiromo pressed, “No, but it is Peter. You saw what was just happening when you first sat down in that seat this market was up 80 points, right now we are down 127, so you know what comes out of the White House, what comes out of Beijing is impacting markets directly.”

After breaking down the specifics of the new tariffs, the Fox Business host once again pressed Navarro, who didn’t want to talk about China.

“Negotiations continue hidden closed doors going to resume talks in September,” he parried before changing the topic. “In terms of the world economy, in terms of the U.S. economy, I think what really matters here is what European Central Bank is about to do, which is lower interest rates. I think that is good for America, because a stronger Europe is going to mean more export demand for American exports.”

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Trump is now feuding with Iran’s Supreme Leader on Twitter: ‘Make Iran Great Again!’

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President Donald Trump is now replying directly to Iran Supreme Leader Ayatollah Ali Khamenei on Twitter.

I Friday, Khamenei tweeted a screenshot of a Trump tweet, with a message of his own.

"The villainous US govt repeatedly says that they are standing by the Iranian ppl. They lie. If you are standing by the Iranian ppl, it is only to stab them in the heart with your venomous daggers," Khamenei posted.

"Of course, you have so far failed to do so, & you will certainly continue to fail," he added.

https://twitter.com/khamenei_ir/status/1218141834842660864

Trump retweeted the message, adding his own argument.

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Trump raises tensions in Virginia as local authorities fear Richmond gun rally could be the next Charlottesville

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President Donald Trump appeared to pour gasoline on a political fire in Virginia only days before a far-right protest that many are worried could result in violence.

Gun activists have been threatening civil war if the commonwealth's legislature enacts new gun safety legislation.

Right-wing militias sought to organize an armed action at the capitol, but Gov. Ralph Northam declared a state of emergency to prevent firearms on the grounds.

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Trump tells Iran that political leaders must use precise language: ‘He should be very careful with his words’

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President Donald Trump went after Iran Supreme Leader Ayatollah Ali Khamenei on Friday.

For the first time in eight years, Khamenei led Friday prayers in Tehran, when he mocked "American clowns" in the Trump administration.

Trump took offense.

"The so-called 'Supreme Leader' of Iran, who has not been so Supreme lately, had some nasty things to say about the United States and Europe," Trump said, using scare quotes around Khamenei's title.

"Their economy is crashing, and their people are suffering," Trump said, apparently referring to the crippling sanctions he imposed.

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