Trump says unless Fed cuts rates, he'll stop trading with some nations

04-09-2026 21:59 HKT

U.S. President Donald Trump leaves the podium after speaking as he hosts a dinner in the Rose Garden at the White House on September 02, 2026 in Washington, DC. President Trump invited Republicans in competitive races to a Rose Garden dinner ahead of the November elections. Kevin Dietsch/Getty Images/AFP

US President Donald Trump on Friday said that unless the Federal Reserve cut interest rates, he would stop trading with countries with which the United States had a deficit.

"High interest rates put the U.S.A. at a very unfair disadvantage, and I won't allow that to happen!" said Trump, who has repeatedly demanded that the Fed cut rates.

The Bureau of Labor Statistics on Friday reported stronger-than-expected job creation in August, prompting traders to boost bets on a hike later 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.

Reuters

Trump interest rate trade deficit

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