Trump Demands 1% Interest Rates and Floats Cutting Off Trade With Deficit Nations

Trump Demands 1% Interest Rates and Floats Cutting Off Trade With Deficit Nations

Trump says U.S. rates should fall to 1% or less and claims halting trade with deficit countries would generate at least $1.5 trillion a year.

Richard Miniter
First Published: September 16, 2026, 4:45 PM ET

Donald J. Trump called for U.S. interest rates to fall to 1% or lower and claimed the country could earn at least $1.5 trillion a year by cutting off trade with nations where it runs a deficit.