President Donald Trump threatened to halt trade with countries where the United States runs trade deficits unless the Federal Reserve lowers interest rates, renewing his demand for U.S. borrowing costs to be the world's lowest. The comments followed an August employment report showing 162,000 jobs added, nearly triple the 56,000 consensus estimate, while July was revised from a 23,000-job loss to a 21,000-job gain. Veteran investor Peter Schiff said a cutoff of trade with surplus countries would cause goods shortages, higher prices and unemployment, while Jim Cramer questioned how Federal Reserve Chair Kevin Warsh would respond to the president's demands. The stronger labor data increased market expectations for a September rate increase even as Trump called for cuts, with federal funds futures pricing a 58.4% chance of an increase, according to the existing account.