- Jun 19, 2020
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Trump says lower interest rates would go hand-in-hand with tariffs
President Donald Trump on Wednesday said that interest rates should be lowered and that would go "hand in hand" with his upcoming tariffs, despite economists' expectations that tariffs would fuel inflation and postpone rate cuts.
Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% "without exceptions or exemptions" in a move he hopes will aid struggling industries in the United States, but which also risks sparking a trade war.
"Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!!" Trump wrote in a post on his Truth Social platform.
We see prices rising right now and Trump's tariffs, which will cause more price increases, haven't hit yet. However, Trump, who will tell you he knows more and better than anyone about everything, thinks when prices rise interest rates should be lowered. Which is the complete opposite as how one handles inflation. It's why if he won the 2020 election inflation would have been longer and deeper. I mean after all, the self proclaimed "King of Debt" just hates high rates no matter what. THIS is an interactive site where you can compare world countries inflation rates versus their response with changes with the interest rates. The vast majority of them responded by rising rates as inflation rates rose and inflation rates fell.
