According to CoinMeta, President Trump has threatened to stop trading with countries that have a trade surplus with the United States unless the Federal Reserve cuts interest rates. He stated that lowering interest rates would reduce borrowing costs and make the U.S. more competitive. China, Mexico, and Vietnam could become the main targets. If implemented, this could lead to significant disruptions in the supply chain, rising import prices and inflation, retaliation against U.S. exporters, increased volatility in the stock and crypto markets, as well as a slowdown in economic growth. Trade restrictions cannot directly force the independent Federal Reserve to cut interest rates, and higher inflation may keep interest rates high, resulting in the opposite of what Trump expects, and could even exacerbate inflation.