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The David Lin Report · Saturday, September 5, 2026

Trump Threatens Trade War Over Fed Rates, Payrolls Show 162K Jobs Added

President Trump issued a threat to end trade with countries that have surpluses if the Federal Reserve does not lower interest rates. This statement coincided with the release of August payroll numbers, which showed 162,000 jobs added, exceeding expectations. Despite Trump's comments, the probability of a Fed rate hike increased from 50% to 60%, suggesting markets focused on economic data over political statements.

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The tape

3 quotes
US payrolls rose 162,000 in August, more than expected.
Meanwhile, Trump just threatened to end trade with countries with surpluses if the Fed doesn't raise if the Fed doesn't lower rates, rather, soon.
He said this, and I'll share it with our next guest and get his reaction.
Heard on The David Lin Report — “Retirement Wipeout: ‘Think Like A Central Banker’ Or Risk Losing Your Wealth | Devlyn Steele, published Saturday, September 5, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.06
Trump Threatens Trade War Over Fed Rates, Payrolls Show 162K Jobs Added — Heardvine