No. of Recommendations: 9
“I see countries like Switzerland where they’re the number one lowest interest rates, a half a percent, and we pay three and a half percent,” he said. “I have the absolute right to cut off all business with a country like Switzerland.”
Ah so Trump’s line of thinking is:
Switzerland has lower rates than us → Switzerland has an unfair advantage → they are leeching of us somehow → punish Switzerland!!
In the real world, USian higher rates are primarily driven by the U.S. having higher inflation and much larger fiscal deficits. Some of those pressures have been exacerbated by his own policies - tax cuts, and wars.
But somehow Switzerland must be responsible for the U.S. government's higher borrowing costs, so I’d expect a schoolyard bully action to be in the pipeline...
