Trump Threatens Trade Deficit Crackdown on Rate Hike

US President Donald Trump made headlines on Friday when he threatened to stop trading with countries that have a trade deficit with the United States unless the Federal Reserve cuts interest rates.

In a Truth Social post, Trump said that high interest rates put the US at an unfair disadvantage and that he won't allow it to happen. He specifically stated that if the Fed doesn't lower rates, he will stop trading with countries that have a deficit.

The statement comes after the Bureau of Labor Statistics reported stronger-than-expected job creation in August, which prompted traders to boost bets on a rate hike later this month.