Trump threatens to stop trading with countries that have a trade deficit unless the Fed cuts rates Touting Friday's blowout jobs number, President Trump used the opportunity to weigh in on a new spike in the US trade deficit, threatening embargoes on unfavored countries. Trump posted on Truth Social, in what appeared to be a directive to the Federal Reserve, to "LOWER THE RATE OR I'LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT." Trump, who has long voiced a desire for lower interest rates, asserted that an embargo could be "BETTER THAN TARIFFS" and said "the Fed Board, with its great new leader, must get smart." Trump's new threat came after trade data for July painted an unwelcome picture for the president, who has long made zeroing out trade deficits a central promise. https://finance.yahoo.com/markets/article/trump-threatens-to-stop-trading-with-countries-that-have-a-trade-deficit-unless-the-fed-cuts-rates-150838488.html
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