The week saw the imposition of new tariffs on $60 billion in Chinese-made goods, along with tariffs on steel and aluminum from other countries. The actions sparked fears of a new trade war, which contributed to the Dow Jones industrial average declining by more than 1,100 points in two days.
For all the talk of Trump as a politician with no fixed ideology and no coherent views on issues, the one constant has been his insistence that the United States has been snookered on one trade deal after another and his resolve to take action.
Protectionists inside his administration have risen, and the loudest voice in opposition, Gary Cohn, is heading back to New York. Cohn will be replaced by CNBC's Larry Kudlow, who also opposed the tariffs. Whether he pushes to temper the policy remains an open question.
There was also the departure of John Dowd, the lawyer leading the team dealing Russia investigation headed by special counsel Robert Mueller, and the apparent hiring of former U.S. attorney Joseph diGenova. As telling, however, was the decision by Theodore Olsen, the former solicitor general, not to join up as part of the president's defense team.
All of this came during as, for the first time, Trump went after Mueller by name, an escalation in tactics that illustrated anew the president's efforts to discredit whatever findings emerge, or perhaps to try to fire Mueller outright, despite claims by those around the president that no such thing is under consideration. But how reliable are such assurances, given the way the president suddenly shifts directions.
Just before Trump flew off to his Florida estate for the weekend, he put everyone through one more roller coaster moment by tweeting on Friday morning that he was considering a veto of the just-passed $1.3 trillion spending bill. The bill is something of a mess, as its congressional critics voiced during the debate before passage, but White House advisers were involved in the negotiations that produced it.
The president's threats generated a fire alarm among his advisers until the president relented. Hours after his tweet, he announced that he would sign the measure, but with dismissive words about the process and the package and a declaration that he would never again sign such a bill. It should be noted that such threats from the president often prove empty.
All of it adds up to a president cutting the cord, freeing himself from the constraints that were built up around him. He will run the White House as he wishes. He will populate his inner circle as he sees fit. He will act like a loyal Republican when he sees his own self-interest involved but will walk away from congressional Republicans when that serves his interests and his politics. He hasn't managed to drain the swamp - far from it. But he will continue to take actions that signal to his supporters he's still determined to do so.
The coming phase of Trump's presidency will last through the November elections. Between then and now, Congress will take no significant action, or so go the predictions. The 115th Congress, with Republican majorities in both chambers, has produced two budget-busting pieces of legislation, a huge tax cut and now a $1.3 trillion spending measure. The party of fiscal discipline has been shown to have no clothes.
For the near-term, the president has a foreign policy agenda of enormous consequence. He has expressed his willingness to meet with North Korean leader Kim Jong Un, perhaps in May, although the virtual silence from North Korea since Trump unexpectedly said he would take such a meeting, leaves in doubt exactly when or if such a gathering will occur.
In that same time frame, the president will be asked once again to decide whether to certify Iran's compliance with the nuclear agreement negotiated by the Obama administration or pull out of the deal. The president's views are known - he thinks it's a terrible agreement - but he was prevented from acting on that by the combined pressure of Tillerson, McMaster and Defense Secretary Jim Mattis. Bolton and Pompeo will not offer that kind of resistance.
Potentially as momentous will be the product of the Mueller team. No one knows the timetable under which the lawyers are working, so to suggest that everything will be wrapped up before the elections is to pretend to know the unknowable. Trump's lawyers have been negotiating with Mueller over the terms of an interview with the president, an event of high drama and potentially grave consequences for Trump.
And then there are the various lawsuits from adult film star Stormy Daniels, former Playboy model Karen McDougal - both of whom have said they had affairs with Trump a decade ago - and Summer Zervos, a contestant on "The Apprentice" who accuses him of sexual misconduct while he was on the reality TV show. All are suing for the right to tell their stories. They present threats of another type that will play out in the months ahead.
There is no New Trump emerging here as this next phase begins to unfold. If anything, it is the re-emergence of the old Trump, the pre-presidential Trump, who plays by his own rules and tries to rewrite the old ones he doesn't like. This is what made him rich as a business executive and won him the White House. Will history repeat, or will his instincts prove faulty in the environment in which he now operates?
