U.S. President Donald Trump stated on the 4th (local time) that the United States will halt trade with countries it runs a trade deficit with if the Federal Reserve (Fed) does not cut interest rates.

Taking to social media platform Truth Social, Trump expressed excitement by saying, "Great employment numbers just came out," and subsequently urged for a rate cut, citing strengthened U.S. credit.

Trump asserted, "If interest rates are not lowered, we will stop trading with countries with which we are running a deficit," adding, "The U.S. Supreme Court strongly acknowledged in a foolish and costly tariff ruling that the 'President has the absolute authority to do so.'"

He then emphasized, "This will be better than tariffs!"

Trump added, "The Federal Reserve Board, with its great new leadership, needs to be smart. Be patriots for a change. High interest rates expose the United States to a very unfair disadvantage, and I will not let this happen."

This is interpreted as an expression of his intent to protect the U.S. economy, raising an unimaginable card—cutting off trade with nations running a surplus in their trade with the U.S.—if the Fed fails to lower interest rates at the Federal Open Market Committee (FOMC) meeting scheduled for September 15 – 16.

Trump did not specifically mention which countries run a trade deficit with the United States.