A small sign Trump shift gear in his interview

US President Donald Trump has joined CNBC “Box for Squawk“Tuesday for Long interview This touched on tariffs. Federal Reserve. the state of the Russian economy and being rejected as a customer from JPMorgan Chase and Bank of America.

For those who pressed the time and wants a very wide TL; DR: Trump appears to be digging into his politics.

With a changed “Mutual” tariffs characteristic of the country From -it the beginning of August 7 – and duties by India that need to enhance Over the next 24 hours, according to Trump’s comments during the interview, the Trump administration seems to pay attention to industry. Trump said CNBC that announces his tariff plan for semiconductors “Over the next week or so.” In addition, it will impose a “small tariff” on pharmaceutical imports before removing it up to 250% for a year and a half.

The US president also does not look like he retreats from his hostility with the Central Bank. A few days after the Fed decided Contain interest ratesTrump discussed his potential candidates to replace Powell’s Jerome as a Fed’s chair. While Finance Minister Scott Igent has made a consideration, among the possible applicants – former governor Kevin Worsh and Kevin Hasset, director of the National Economic Council. “Both Kevins are very good,” Trump said.

Regardless of what Kevin is either “other people who are also good”, according to Trump – it suggests a role when the Powell’s term expires in May 2026 (either earlier, depending on Trump’s steps), they should help reinforce the economy that seems to be slowed as shown Report on the marvelous work of July and ISM Services Index.