Trump blames inflation on stupidity and threatens trade halts over interest rates
Donald Trump criticized falling stock markets and high interest rates, threatening to halt trade with foreign countries in response.
- Trump threatened to stop trade with foreign countries over interest rates.
- Trump criticized stock market drops driven by inflation concerns.
Part of the storyline: Will the Fed raise rates again?, Will the Fed raise rates again?
Sources
- Fortune — Trump says ‘stupidity causes inflation’ and threatens to stop trade with foreign countries in retaliation for higher interest rates
- CNBC — Trump doubles down on threat to halt trade with top partners unless Fed cuts rates
- The Independent — Trump threatens to stop trade with other countries if the US doesn’t lower its own interest rates