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Business · Global trade · published 2026-09-05 · via Fortune

Trump blames inflation on 'stupidity' and floats trade halt as markets dip

Image via Fortune
Image via Fortune

President Trump reacted to a strong jobs report by insisting that economic success does not cause inflation, attributing it instead to stupidity. He threatened to halt trade with foreign nations as retaliation for rising interest rates on U.S. debt. Critics note that his own tariffs and the Iran war have contributed to the inflationary pressures he now blames on others.

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This summary is AI-generated and original to Mobble; the linked article is the authoritative source. Original headline: “Trump says ‘Stupidity causes inflation’ and threatens to stop trade with foreign countries in retaliation for higher interest rates.” Browse more stories.