Trump hits Fed over high interest rates: 'They don't have a clue!'
President Trump 
Donald John TrumpTop Armed Services Republican plots push for 0B defense budget Amash exits House Freedom Caucus in wake of Trump impeachment stance Amash exits House Freedom Caucus in wake of Trump impeachment stance the Federal Reserve doesn't have a clue in the series of tweets defending his use of tariffs and allegedly that multiple currencies have been devalued against the dollar.
Trump has long criticized the Fed over the central bank's decision to raise interest rates. He reiterated that point on Tuesday for the second consecutive day while sharing a Bloomberg opinion piece that argued the low cost of travel to Europe has suffered an overabundance of tourists.
"This is because the Euro and other currencies are devalued against the The Fed Interest rate way too high, added to ridiculous quantitative tightening! They don't have a clue! " Trump tweeted
This is because the Euro and other currencies are devalued against the dollar. at a big disadvantage. The Fed Interest rate way too high, added to ridiculous quantitative tightening! They don't have a clue! https://t.co/0CpnUzJqB9
— Donald J. Trump (@realDonaldTrump) June 11, 2019
The Fed has raised interest rates nine times since 2015 and seven times since President Trump took office in 2017 in a bid to prevent rampant inflation. Trump has repeatedly called on the bank to cut rates throughout 2019. After Trump allegedly the euro and other currencies are devalued against the dollar, tariffs
In a series of three tweets apparently directed toward hosts on Fox Business Network, Trump offered a defense for his strategy of using tariffs to bring China and Mexico to the negotiating table.
"Maria, Dagan, Steve, Stuart V – When you are the big 'piggy bank' that other countries have been ripping off for years (to a level that is not considered), "Trump tweeted, likely referring to Maria Bartiromo 
Maria Sara BartiromoFox's Bartiromo: Border story should lead evening news 'every night' Fox's Napolitano dismisses suggestion US is a 'constitutional crisis' Bolton, Shanahan, Pompeo meet at Pentagon to discuss military options in Venezuela MORE , Days McDowell and Stuart Varney
Maria, Dagan, Steve, Stuart V – When you are the big "piggy bank" that other countries have been ripping off for years (to a level that is not to be considered), Tariffs are a great negotiating tool
– Donald J. Trump (@realDonaldTrump) June 11, 2019
Trump had threatened to Impose 5 percent tariffs on Mexican goods if the country did not take action to curb migration. The two sides reached a deal last week to avert the tariffs.
The president has been selling the deal as a victory criticism that some components are actions Mexico had already planned on taking the president's tariff threat. Trump tweeted Tuesday that he is "very happy with the deal" and continued to be an unspecified aspect of the agreement.
"Biggest part of deal with Mexico has not yet been revealed!" Trump tweeted. "China is similar, except for devalue currency and subsidize companies to lesson effect or 25% Tariff. So far, little effect to consumer. Companies will relocate to U.S."
…. If Mexico produces (which I think they will). Biggest part of deal with Mexico has not yet been revealed! China is similar, except for currency and subsidize companies to effect lessons or 25% tariff. So far, little effect to consumer. Companies will relocate to U.S.
– Donald J. Trump (@realDonaldTrump) June 11, 2019
The U.S. And China has been engaged in a month-long trade war, with the world's two largest economies imposing tit-on tariffs on each other's goods. Trump and Chinese President Xi Jinping are expected to meet later this month at the Group of 20 Summit in Japan.
If no deal is reached, Trump has already been able to impose tariffs on additional Chinese goods.
