Trump says if the Fed doesn't cut rates, he'll stop trading with some nations
WASHINGTON: U.S. President Donald Trump on Friday said that unless the Federal Reserve cut interest rates, he would stop trading with countries with which the United States had a deficit. “High interest rates put the U.S.A. at a very unfair disadvantage, and I won’t allow that to happen!” said Trump, who has repeatedly demanded that the Fed cut rates. The Bureau of Labor Statistics on Friday…
U.S. President Donald Trump has threatened to stop trading with countries that have a deficit with the United States if the Federal Reserve does not cut interest rates, according to a statement on Friday. The President emphasized that high interest rates put the U.S. at an unfair disadvantage and vowed not to allow it. The Bureau of Labor Statistics reported stronger-than-expected job creation in August, leading traders to increase bets on a potential rate hike later in the month. However, the Fed held rates steady, with three policymakers dissenting in favor of a hike.
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- 'Cut rates or I'll halt trade': Trump threat to Fed has big implication for India timesofindia.indiatimes.com
- Trump threatens to cut trade with some countries if Fed doesn’t lower rates scmp.com
- Trump criticizes high interest rates, says each point costs US $650bn annually english.ajel.sa
- Trump says if the Fed doesn't cut rates, he'll stop trading with some nations koreatimes.co.kr
- Trump Threatens to Halt Some Trade Unless the Fed Cuts Rates nytimes.com
- Trump tells Fed to slash rates or he'll end trade with countries with U.S. surpluses cnbc.com
- Trump is threatening to cut trade with deficit nations if the Fed won't slash interest rates qz.com
- Trump demands Fed rate cuts or threatens trade shutdowns seekingalpha.com
