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Trump urges Fed to cut rates and considers trade suspensions
U.S. President Donald Trump today, Friday, accused countries with which the United States has a trade deficit of halting trade relations unless they reduce Federal Reserve interest rates. Trump repeatedly called for interest rate cuts, arguing that rising rates put the United States at an unfair competitive disadvantage, and threatened to suspend trade with those countries if they do not take action. This came after data showed that job creation in August was stronger than expected, increasing the chances of a rate hike this month. Trump emphasized the need for interest rates to be lower than those of any other country, urging American central bank governors to adopt a patriotic stance, warning that failing to cut rates could lead to the cessation of trade exchanges with partners suffering from a trade deficit with the U.S.
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