CA, US & World
Trump Threatens to Halt Trade With Deficit Nations Unless Fed Cuts Rates
President Donald Trump is threatening to halt trade with countries where the United States runs a trade deficit unless the Federal Reserve lowers interest rates.
Trump made the statement Friday in a post on Truth Social, calling for the Federal Reserve to cut rates and saying stopping trade with deficit countries would be preferable to tariffs.
The comments came shortly after the release of a stronger-than-expected August jobs report. U.S. employers added 162,000 jobs last month, more than twice the number economists had expected, while the unemployment rate held at 4.1%.
The stronger labor market has increased expectations that the Federal Reserve could raise interest rates at its September meeting as officials continue working to bring inflation toward the central bank's 2% target.
The Federal Reserve is scheduled to meet September 15-16. Fed officials have indicated that the latest inflation and economic data will be important in determining whether rates should be raised, lowered or left unchanged.
Trump said Friday that he speaks with Federal Reserve Chair Kevin Warsh, whom he selected to replace Jerome Powell.
The president has repeatedly pushed the Federal Reserve to lower interest rates. His latest comments came as financial markets were reassessing the possibility of a rate increase following the jobs report. Reuters reported that expectations for a September rate hike rose significantly after the employment data was released.
The United States runs trade deficits with many major trading partners. China accounted for more than $200 billion of the U.S. trade deficit last year, followed by Mexico and Vietnam, according to federal trade data cited by CNN.
Trump's proposal could have significant implications for businesses that rely on imported goods and materials. Cutting off trade with major suppliers could force companies to find alternative sources, potentially increasing costs and disrupting supply chains.
The president's comments also add another dimension to his ongoing pressure on the Federal Reserve, whose decisions on interest rates are independent of White House trade policy.
Investors are now awaiting additional inflation data, including the August Consumer Price Index report scheduled for release September 11, ahead of the Fed's September meeting.
Explore: NBCPalmSprings.com, where we are connecting the Valley.
By: NBC Palm Springs
September 5, 2026
Latest Instagram Posts
Who makes the NBC Top 3, winner will be announced Sunday night on NBC Palm Springs, with the player who makes the number one spot winning a $250 prize from @hondaofthedesert! Comment below if it will be 1) Cael Woody with the dot under pressure, 2) Tatum Webster with the pass breakup, 3) Ivan Garza with the rushing TD, 4) Sean Meza with the toe tap, or 5) Jesus. Valenzuela with the strong hands #fypage #fridaynightlights #top3 #hondaofthedesert
Me On A Plate is back! We head over to @tacquila_ps to talk to chef David Arreguin about his love of spice, being the seventh of nine children, and his drive to always follow his passion. Check it out now on our website nbcpalmsprings.com
Nearly a year after wildfires tore through Mountain Center, the scars are still visible along the Palms to Pines Highway. Now, fire crews are working to repair those burn areas and reduce the risk of flooding, erosion and mudslides when heavy rain arrives. The work includes fire-line suppression repairs, water bars and other measures designed to slow rainwater and keep burned soil from washing away. CAL FIRE Riverside County Battalion Chief Ryan Lubin says the steep terrain, dry brush and limited access continue to create challenges for mountain communities. With El Niño conditions expected to bring periods of heavy rain, officials say preparing now could help protect homes and communities from the aftermath of wildfire. The message from firefighters: preparation can save lives. Read the full story at NBCPalmSprings.com. #MountainCenter #Highway74 #PalmsToPines #CALFIRE #Wildfire WildfireRecovery FireSafety CoachellaValley SanJacintoMountains
Gas prices in Riverside County are climbing toward $6 a gallon — and that’s more than $1 higher than this time last year. A 15-gallon fill-up now costs about $86, leaving many drivers wondering how much longer they can absorb the rising cost. On this week’s Roggin Report, Fred Roggin and the panel debate how expensive gas is changing the way people travel, work and live — and why prices are so much higher here. Watch the full conversation at NBCPalmSprings.com. #RogginReport #FredRoggin #GasPrices #RiversideCounty #CoachellaValley
As the Lindsay Clancy trial begins to close, discussions regarding postpartum mental health and postpartum care have began to draw attention to the level of care needed after childbirth. Maria Noble Valdez looked at this discussion locally with a mental health expert and mom here in Coachella Valley. #lindsayclancytrial #pospartum #mentalhealth #760 #nationalnews
EVEN PARKING HAS A VIP SECTION? A mall in Bakersfield is charging shoppers up to $10 a day for preferred parking spots closer to the entrance. So we had to ask: Would you pay for a better parking spot? And could paid parking eventually come to Valley malls? Fred Roggin and the panel weigh in on this week’s Roggin Report. Would you pay $10 for a prime parking spot? #RogginReport #FredRoggin #CoachellaValley #PalmSprings #Parking
📞 Call 760.466.0800 or visit DAPHealth.org to schedule your appointment today! Flu viruses change every year, and getting vaccinated is the best way to strengthen your immune system, lower the risk of severe illness or hospitalization, and protect your loved ones. Sponsored by: DAP Health
A wedding day they’ll never forget. 💍🌊 A couple in the Philippines refused to let monsoon flooding wash away their special day — exchanging vows while standing waist-deep in floodwaters. Talk about making a splash on your wedding day! #WeddingDay #Philippines #Flooding #Monsoon #Wedding #Love #NBCPalmSprings
Idyllwild’s Mayor Max III is turning four! Yes, you read that right — Idyllwild has a canine mayor, and Mayor Maximus Mighty-Dog Mueller III is celebrating his fourth birthday this week. Max is part of a tradition that began in 2012, when the mountain community first elected a dog as mayor. His “campaign donations”? Belly rubs and dog treats. Mayor Max’s birthday celebration is happening Saturday, September 5, at Mountain Paws in Idyllwild, and the community is invited. Come celebrate the mayor — and maybe bring a treat. #NBCPalmSprings #Idyllwild #MayorMax #MayorMaxIII #PalmSprings CoachellaValley DogsOfInstagram DogMayor CaliforniaNews
☕️ Social Time with Thalia & Jerry