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Trump CNBC Interview Recap: Tariffs on Drugs, Chips to be Announced Next Week; May Not Run for President Again
BlockBeats News, August 6th: U.S. President Trump was interviewed on the CNBC financial program "Squawk Box" last night at 8:00 PM. A recap of the interview is as follows:
· Trump stated that labor statistics are highly politicized and reiterated his allegation that labor statistics are manipulated.
· The Fed Chairman is political, and Powell's rate cut was too late. "Many Fed Chair candidates are excellent, Warsh is good, Hassett is also very good, and there are two other candidates, a new Fed Chairman may be announced soon. I like Bernanke, but he wants to stay in the Treasury department." Perhaps the vacancy left by Cohn will be used to select the future Fed Chairman.
· If energy prices drop, Putin will stop the war.
· He supports the recent trade agreements with Japan and the EU. If the EU does not fulfill its obligations, a 35% tariff will be imposed on the EU.
· Drug tariffs will be announced within the next week, as well as chip tariffs. Semiconductor and chip policies will also be announced around next week. "We will impose initially small tariffs on the pharmaceutical industry, but eventually will reach 250%."
· India has the highest tariffs, and tariffs on India will be significantly increased in the next 24 hours.
· There is discrimination in the banking industry, banks discriminate against conservatives. "Bank of America, JPMorgan Chase have discriminated against me.
· He wants to run for U.S. President again, but may not do so.
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