Trump to stop trading with some nations if Fed doesn’t cut rates

[WASHINGTON] US President Donald Trump on Friday (Sep 4) 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 USA 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 reported stronger-than-expected job creation in August, prompting traders to boost bets on a hike later 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. REUTERS