Trump blasted the Federal Reserve for allowing 60+ countries to pay far lower interest rates than the U.S. while relying on American business. Switzerland pays around 0.5% — the U.S. pays 3.5%+.
"In the old days, we used to pay the lowest interest rate no matter how we were doing, because we sort of generate for the whole world," Trump said.
He argued the U.S. has leverage to cut off business with any country, questioning why America doesn't get preferential rates: "Why are they prime if I can cut off the business and they are no longer functional?"
Trump didn't single out Switzerland alone — he said dozens of countries "live off the United States" while enjoying better borrowing terms.
"In the old days, we used to pay the lowest interest rate no matter how we were doing, because we sort of generate for the whole world," Trump said.
He argued the U.S. has leverage to cut off business with any country, questioning why America doesn't get preferential rates: "Why are they prime if I can cut off the business and they are no longer functional?"
Trump didn't single out Switzerland alone — he said dozens of countries "live off the United States" while enjoying better borrowing terms.