In his interview, small signs of Trump transferring gears

US President Donald Trump joins CNBC’s “Squawk Box“Tuesday is A long interview Involved tariffthis Fedthis Russia’s economic situation and existence Rejected as a client JPMorgan Chase and Bank of America.

For those who are desperate, want a very broad TL; Drim: Trump seems to be digging into his policies.

After modification Country-specific “reciprocal” tariffs Will start on August 7 – Responsibilities of India According to Trump’s comments in the interview, over the next 24 hours – the Trump administration seems to be shifting its attention to the department. Trump told CNBC he will announce his semiconductor tariff plan “About next week or so.” In addition, he will impose “small tariffs” on pharmaceutical imports and then define it as high as 250% in a year and a half.

The U.S. president does not seem to retreat from his dispute with the central bank. A few days after the Fed chooses Keep interest ratesTrump discussed his potential candidate to replace Jerome Powell as Fed chairman. While Treasury Secretary Scott Bessent is put outside the consideration, the possible competitors are former Governor Kevin Warsh and National Economic Commission Director Kevin Hassett. “Both Kevins are good,” Trump said.

Which Kevin (or other “others are very good too”) in Trump’s words, they all have to help support an economy that seems to be slowing down when Powell’s term ends in May 2026 (or previously truncated, depending on Trump’s actions), like Amazing work report for July and ISM Service Index.