Trump Threatens to End Trade With Mexico and Europe After Fed Raises Rates
President says he may cut trade ties after the Federal Reserve voted unanimously to raise interest rates despite his pressure to lower them
US President Donald Trump has threatened to end trade with Mexico and European countries following a decision by the Federal Reserve to raise interest rates, according to a report from Al Jazeera.
The report said Trump had sought to pressure the Federal Reserve to lower interest rates, but the central bank instead voted unanimously to raise them.
Details of the specific trade measures Trump is threatening, along with further context on the Federal Reserve's decision, were not immediately available in the source report.
Al Jazeera did not provide additional statements from the Federal Reserve, the Mexican government, or European officials in response to the threat.
This is a developing story and further details may emerge as more information becomes available.
Sources
- Trump threatens to end trade with Mexico and Europe after rate hike — Al Jazeera — All
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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