U.S. President Donald Trump waves from the extortion of the West Wing of the White House arsenic helium takes a circuit connected August 05, 2025 successful Washington, DC.
Win Mcnamee | Getty Images News | Getty Images
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 connected 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. Among those 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.
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(COMBO) This operation of pictures created connected February 21, 2020 shows US President Donald Trump delivers remarks astatine a Keep America Great rally successful Phoenix, Arizona, connected February 19, 2020. Russian President Vladimir Putin delivers a code during a ceremonial successful Jerusalem connected January 23, 2020 commemorating the radical of Leningrad during the Second World War Nazi siege connected the city.
Jim Watson | Afp | Getty Images
Russia's system 'stinks,' Trump says, and little lipid prices volition halt its war machine
The rift betwixt Moscow and Washington looks acceptable to deepen. "Putin volition halt sidesplitting radical if you get vigor down different $10 a barrel. He's going to person nary prime due to the fact that his system stinks," Trump, told CNBC's "Squawk Box" connected Tuesday.
The comments travel aft relations betwixt Moscow and Washington, which remained cordial astatine the commencement of Trump's 2nd word successful bureau contempt the ongoing war, soured successful caller weeks.
— Holly Ellyatt
English (US) ·