Former U.S. President Trump was interviewed last night at 8:00 PM on CNBC's 'Squawk Box' program. The main points are as follows:
1· Trump stated that labor statistics are highly politicized and reiterated accusations that labor statistics have been manipulated.
2· The Chairman of the Federal Reserve is political, and Powell lowered interest rates too late. 'Many candidates for the Federal Reserve chairmanship are very good, Walsh is great, Hassett is also very good, and there are two other candidates who may soon announce a new Federal Reserve chair. I like Basant, but he wants to stay in the Treasury.' Perhaps they will use the vacancy left by Kugler to select the future Federal Reserve chair.
3· If energy prices fall, Putin will stop the war. He supports the recent trade agreements reached with Japan and the EU. If the EU does not fulfill its obligations, a 35% tariff will be imposed on the EU.
4· Tariffs on pharmaceuticals will be announced next week, and tariffs on chips will also be announced. Policies regarding semiconductors and chips will be released around next week. 'We will impose initially smaller tariffs on the pharmaceutical industry, but ultimately they will reach 250%.'
5· India is the country with the highest tariffs; tariffs on India will be significantly increased within the next 24 hours.
6· There is discrimination in the banking industry; banks discriminate against conservatives. 'Bank of America and JPMorgan have discriminated against me in the past.'
7· He wants to run for president of the United States again, but may not do so.