Trump warns of trade restrictions over deficits

U.S. President Donald Trump repeated his threat to halt trade with countries that record a trade deficit with the United States unless the Federal Reserve (the U.S. central bank) lowers interest rates. He emphasized that high interest rates put the United States at an unfair competitive disadvantage and called for their reduction to achieve a strong credit position and lower interest rates. He also indicated that the continued rise in interest rates might lead him to stop trading with countries that have significant trade deficits, considering that situation preferable to imposing tariffs. He stressed the importance of the Federal Reserve acting wisely and with a patriotic spirit to create a more balanced economic environment for the United States.

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