President Trump said he would stop trading with countries that run a trade surplus with the U.S. unless the Federal Reserve cuts interest rates. The threat, posted on social media Friday, followed a stronger-than-expected August jobs report and drew criticism from economists.
President Donald Trump threatened to halt trade with countries that hold a trade surplus against the U.S. unless the Federal Reserve lowers interest rates, drawing criticism from economists and other analysts on Friday.
Trump made the threat in a long social-media post as he reacted to a stronger-than-expected August jobs report released the same day. He said he would stop trading with countries that have a trade deficit with the U.S. if the central bank doesn't act.
Economists and other analysts offered criticism Friday after Trump floated the idea.
Source: MarketWatch (snippet-based)
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