Trump Threatens Trade Retaliation Over Strong Jobs Report

The Labor Department's August jobs report showed the economy added 162,000 jobs, beating expectations and sending shockwaves through financial markets.

Following the strong jobs data, President Donald Trump took to social media to threaten cutting trade with countries that have a deficit against the US unless the Federal Reserve lowers interest rates.

Talking about the Fed's potential decision on rates, Trump said 'Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago! A STRONG COUNTRY MEANS A LOWER INTEREST RATE - IT'S A BETTER CREDIT.'

Trump also mentioned that the US should have the lowest interest rate in the world, comparing it to 'the old days' when the country had an advantage due to its strong economy.