Donald Trump threatens trade halt over high interest rates, demands Fed rate cut

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)