Trump Threatens Trade Halt Unless US Interest Rates Cut
US President Donald Trump has made his latest demand to the Federal Reserve to cut interest rates. In a post on Truth Social, Trump stated that he would stop trading with countries that have a deficit with the US if the Fed does not lower its rates.
Trump has repeatedly called for lower interest rates, saying they give the US an 'unfair disadvantage'. He claims that other countries have lower rates and wants the same for the US.
The Federal Reserve is currently dealing with stronger-than-expected job creation in August, which could lead to a hike in interest rates later this month. Trump's demand for lower rates puts him at odds with the Fed's current stance.