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US President Donald Trump Waves from the roof of the Western Wing of the White House, when it is a tour of August 5, 2025 in Washington, Colombia.
Win McNamee | Getty Images | Gets the image
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 on time and wants a very wide TL; DR: Trump seems 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. Among these contenders are former governor Kevin Worsh and Kevin Joset, 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.
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And finally …
(Combo) Such a combination of images created on February 21, 2020, shows that US President Donald Trump appears on the big action “Save America” in Phoenix, Arizona, February 19, 2020. Russian President Vladimir Putin issues a speech at the ceremony in Jerusalem on January 23, 2020, honoring Leningrad people during World War II in the city.
Jim Watson | AFP | Gets the image
Russian economy “stinks”, – says Trump, and decreased oil prices to stop its war machine
The gap between Moscow and Washington looks to deepen. “Putin will stop killing people if you get energy another $ 10 a barrel. He will not have a choice because his economy is stinking,” Trump said “CNBC” “”Box for Squawk‘On Tuesday.
The comments come after the relations between Moscow and Washington, which remained heartfelt at the beginning of Trump’s second term, despite the current war in recent weeks.
– Holly Elitt
