Page 10 - Fed Cut News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The u.s.-mexico canada agreement. we're going to see the fed cut interest rates. ly. and we renegotiated. talk about. >> let's talk about the postal reforms. this is pretty interesting what's happening here. at the understand end of the month, you're heading to geneva, switzerland, it's a rarely and the trump administration says the u.s. is overpaying for its part in. i understand you told me on the. they'll be at blair house to

Tweeting, china is not our problem. our problem is with the fed. but the fed cut interest rates just last month. and the president has now backed off his threat to impose new tariffs on $300 billion of chinese goods. everything from laptops to shoes to phones. >> we're doing this for christmas season. just in case some of the tariffs would have an impact on u.s. customers. but so far, they've had virtually none. >> reporter: but the pain already being felt by american farmers. like john, who grows soybeans in illinois, soybeans china is no longer buying in retaliation. >> a lot of farmers will...

Unusually risky time? >> really it's the trade war and that really goes to the -- goes right to donald trump. we had a recovery that was in its later innings but still chugging along at a reasonable rate. he passed some tax cuts that stimulated the economy a bit more for a little while. but all in all, we have low unemployment as you know, 3.6% and low inflation and the economy was doing okay. and then suddenly the trade war started and trade wars are in the end bad for everyone. they raise the price of imports, they hurt exports and it ultimately becomes a downward spiral. you have already be...

I am not so concerned about the consumer paying up a little bit for various products because i think -- >> neil: yet. >> yet. we've seen companies are scrambling to like at walmart and other big companies like that, they're really -- >> neil: they're trying to not to pass it on, right? >> that's the biggest thing to me, the uncertainty this has created for the business community. obama did that via regulations. knew trump is doing it versus a trade war. i don't think there's much difference to the guys making decisions about whether to invest or not. >> neil: you think a lot of people are usin...

This. the economy is strong and that is certainly a message the president tries to tout all of the time but he continues to make waves with these tariffs and especially when you put it in the timeline of what we saw this week. on wednesday you had the fed cut. on thursday you have the president announcing more tariffs. now you have the jobs report. what is up with the timing of his announcement a day after that rate cut? >> you got me. i've long since given up trying to predict what donald trump is thinking. i think there are three serious problems for trump on the horizon. one is that the eco...