Washington: US President Donald Trump on Friday said that he would stop trading with countries with which the United States had a deficit unless the Federal Reserve cut interest rates."High interest rates put the U.S.A. at a very unfair disadvantage, and I won't allow that to happen!" said Trump.According to the Bureau of Labor Statistics, August reported stronger-than-expected job creation which prompted traders to increase their bets on an interest rate hike this month."We should have the LOWEST RATE of any country in the World ... LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT," Trump said in a Truth Social post.(With inputs from Reuters)
Donald Trump threatens trade halt over high interest rates, demands Fed rate cut
President Donald Trump stated he would halt trade with deficit nations. He demands the Federal Reserve lower interest rates immediately. High rates place the United States at a significant disadvantage. Strong job creation data prompted bets on a rate hike. Trump insists on the world's lowest interest rate for America.
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