WASHINGTON (NEXSTAR) - With a Friday deadline looming, President Donald Trump approves new tariffs on Brazil and copper, pressuring nations to strike trade deals. At the same time, the fed says it won't cut interest rates.

The president is taking a hard line on trade, signing off on new tariffs while threatening more to come but as he turns up the pressure globally, he's also clashing with the Federal Reserve here at home.

President Trump signed an executive order Wednesday, imposing a 50% tariff on most Brazilian goods.

Democrats are sounding the alarm.

"Donald Trump's tariffs are weighing down the U.S. economy,” said Senate Minority Leader Chuck Schumer (D-N.Y.).

The president is also threatening a 25% tariff on India.

"They sell a lot to us, but we don't buy from them, because the

See Full Page