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International Business Times UK
International Business Times UK
Welbert Bauyaban

'I'll Stop Trading': Donald Trump Threatens Complete Global Trade Ban if the Fed Won't Lower Rates

Donald Trump Kevin Warsh United States the Federal Reserve US Federal Reserve Deficit Interest Rates Jobs Report
Trump threatens to halt trade with deficit countries unless the Federal Reserve cuts rates after the August jobs report (Credit: The White House / Wikimedia Commons)

President Donald Trump threatened on Friday to halt US trade with countries where the United States runs trade deficits unless the Federal Reserve cuts interest rates, linking trade policy to monetary policy after official figures showed employers added 162,000 jobs in August.

The Bureau of Labor Statistics said on 4 September that nonfarm payroll employment increased by 162,000 last month while the unemployment rate remained at 4.1 per cent. Trump celebrated the report on Truth Social before renewing pressure on Federal Reserve Chair Kevin Warsh and other policymakers to lower borrowing costs.

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