Trump’s interview shows he has no exit policy

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 pressing on time, want a very broad tl;dr: Trump seems to be digging out 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. These competitors include 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, when Powell’s tenure ends in May 2026 (or was truncated before, depending on Trump’s actions), they all have to help support an economy that seems to be slowing down, like Amazing work report for July and ISM Service Index.

Trump says Russia’s economy is “notorious” and lower oil prices will stop its war machine

The rift between Moscow and Washington looks to deepen. Trump told CNBC, “Putin will lower another $10 a barrel and Putin will stop killing people. He has no choice because his economy is notorious.”Squawk Box” Tuesday.

The comments came after Moscow and Washington, and despite the ongoing war that continued, Trump’s second term has been gracious in recent weeks.

– Holly Ellyatt