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Trump threatens trade cuts if Fed doesn't lower rates
American President Donald Trump confirmed that he will stop doing business with countries that record a trade deficit with the United States if the Federal Reserve (the U.S. central bank) does not lower interest rates. He stated on the "Truth Social" platform that rising interest rates put the United States at an unfair competitive disadvantage, and he announced he would not allow this, reflecting his pressure on monetary policy to cut rates in order to improve the trade balance.
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