Trump says he will cease trading with top partners unless Fed lowers rates | CNN Business

President Donald Trump said Friday he would stop U.S. trading with many countries if the Federal Reserve does not lower interest rates. In a post on Truth Social, he linked the threat to the existence of trade deficits and argued, referencing a Supreme Court “Tariff” decision, that the president has an “absolute right” to take such action. He framed it as preferable to tariffs, calling for the Fed Board’s new leadership to “BE PATRIOTS.” The U.S. ran a trade deficit of over $200 billion with China last year, followed by Mexico and Vietnam, and a $1.2 trillion overall deficit with all partners. The remarks followed similar claims earlier this week.