CNBC Daily Open: Little sign of Trump shifting gears in his interview

U.S. President Donald Trump joined CNBC's "Squawk Box" Tuesday for a lengthy interview that touched connected tariffs, the Federal Reserve, the state of Russia's economy and being rejected arsenic a customer by JPMorgan Chase and Bank of America.

For those pressed for clip and privation a precise wide TL;DR: Trump appears to beryllium digging successful connected his policies.

With modified country-specific "reciprocal" tariffs owed to commencement Aug. 7 — and duties connected India to beryllium raised wrong the adjacent 24 hours, according to Trump's comments during the interrogation — the Trump medication seems to beryllium turning its attraction to sectoral ones. Trump told CNBC that helium volition denote his tariff program for semiconductors "within the adjacent week oregon so." Additionally, helium volition enforce "a tiny tariff" connected pharmaceutical imports earlier ratcheting it up to 250% wrong a twelvemonth and a half.

The U.S. president doesn't look similar he's backing down from his feud with the cardinal bank, either. Days aft the Fed chose to hold involvement rates, Trump discussed his imaginable candidates to regenerate Jerome Powell arsenic Fed chair. While Treasury Secretary Scott Bessent has taken himself retired of consideration, among imaginable contenders are former Governor Kevin Warsh and Kevin Hassett, the National Economic Council director. "Both Kevins are precise good," Trump said.

Whichever Kevin — oregon "other radical that are precise good, too," successful Trump's words — assumes the relation erstwhile Powell's word ends successful May 2026 (or is truncated earlier, depending connected Trump's moves), they would person to assistance prop up an system that seems to beryllium slowing, arsenic indicated by July's startling jobs report and ISM Services index.