The Fed Is Learning What Being Donald Trump's Ex-Girlfriend Feels Like

The short video in English with Chinese subtitles seems created to undermine support for the trade dispute from USA farmers, key supporters of President Donald Trump, by highlighting the damage tariffs could have on American soybean exports.

Mr Trump told CNBC: "They're making money easy and their currency is falling".

"Because we go up and every time you go up they want to raise rates again".

"I'm not happy about it".

"I don't want them to be scared", he told CNBC. This article is strictly for informational purposes only. Currently, Trump has slapped tariffs on $34 billion in Chinese goods, which China has retaliated on. Trump has also threatened further tariffs on $200 billion in Chinese goods.

The rate rises, which make borrowing more expensive, are meant to head off uncontrolled price rises as the USA economy expands.

The US imported $505 billion worth of goods from China in 2017, according to Census Bureau data. China on Thursday said that USA claims of President Xi Jinping blocking talks with the United States over the trade war were "false", Bloomberg reported.

Mr Trump has said before that he favours low interest rates, and dismissed concerns about his interference.

Trump frequently accused China of tanking its currency on the campaign trail, but the Treasury Department has decline to label the country a currency manipulator for two consecutive years. "Debt coming due & we are raising rates - Really?" he tweeted.

In a series of tweets on Friday, Donald Trump complained about the Fed's current round of rate hikes, saying while policymakers in Europe and China are cutting their interest rates, America's central bank is doing the opposite, which is widening the trade imbalance he is trying to remedy.

President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the USA should the need arise.

"Now I'm just saying the same thing that I would have said as a private citizen", he said.

United States companies may find themselves less able to compete globally as import tariffs contribute to rising input costs, forcing them to raise prices or lower their profit margins. Add Donald Trump as an interest to stay up to date on the latest Donald Trump news, video, and analysis from ABC News.

The rare rebuke was likely to stir a backlash as it broke with the long-established practice of the executive branch not commenting on the Federal Reserve's decisions out of respect for its independence. Bloomberg's headline says Trump "trespass [ed] on Fed's independence". US stock prices also briefly pared losses after news of his remarks.

Beijing is targeting, in particular, sectors like American agriculture that could harm Trump politically at home.

Trump's comments came shortly after CNBC aired an interview with the president in which he bashed the Fed's planned rate hikes.


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