PoliticsTrump threatens to cut trade ties with Europe after rate hike
US President Donald Trump said Washington could stop trading with European countries where the United States runs a trade deficit, saying the deficit with European nations totals $200 billion. He had previously linked such a threat to the Federal Reserve’s refusal to cut rates. The Fed later raised its benchmark rate by 25 basis points to 3.75%-4%.
Trump threatens to cut trade ties with Europe after rate hike