Shaw, Golden Finance

On the morning of August 5, local time, U.S. President Trump was interviewed by CNBC's "Financial Forum" program, where he spoke on a series of hot topics.

According to Golden Finance's summary, this speech mainly covered topics such as the Federal Reserve, tariff trade, immigration policy, banking, and global geopolitical issues. The main content is summarized as follows:

1. Federal Reserve monetary policy and the next chairman candidate

In his speech, Trump once again criticized Powell for lowering interest rates too late. Trump stated that the Federal Reserve chairman is political and that Powell lowered rates too late. He ruled out the possibility of appointing U.S. Treasury Secretary Mnuchin as the Federal Reserve chairman. Trump said, "I really like Scott, but he wants to stay at the Treasury Department." Trump mentioned that he is considering four candidates for Federal Reserve chairman, including one of his economic advisers, Kevin Hassett, and former Federal Reserve Governor Kevin Warsh. However, he refused to disclose the names of the other two candidates.

Trump said he might soon announce the new chairman of the Federal Reserve, and the decision on the candidates for the Federal Reserve Board will be made this weekend.

2. Tariff and trade policy

Regarding tariff policy, Trump announced that he would significantly raise drug tariffs (up to 250%) and stated that he would announce tariffs on drugs and chips in the coming week. He introduced that the tariffs on drug imports will start at a lower level and could ultimately reach 250%. Trump said he would initially impose a "small tariff" on drugs, but within a year to a year and a half, he would increase that rate to 150% and then to 250%.

In addition, Trump stated that, given India's continued purchase of Russian oil, he would significantly raise tariffs on India within the next 24 hours, with the current rate at 25%, but he did not specify the new tariff rate for India. Trump said, "India is the country with the highest tariffs and is not a good trade partner."

Trump also mentioned that he supports the recent trade agreements reached with Japan and the European Union. However, he stated that if the EU does not fulfill its obligations, a 35% tariff will be imposed on the EU.

3. Immigration policy

Regarding immigration policy, Trump stated that immigration rules concerning farmers will be introduced. He emphasized that immigrant workers cannot easily replace agricultural workers, and farmers must not be left isolated and unsupported.

4. Banking issues

Regarding banking issues, Trump stated that he believes banks, including JPMorgan Chase and Bank of America, discriminate against him and his supporters. He is currently preparing to take action against those banks that allegedly abandoned clients for political reasons.

Trump said he believes several banks discriminate against his supporters and added that Bank of America and JPMorgan Chase have previously discriminated against him by refusing to accept his deposits. He stated in the interview: "I believe they completely discriminate against me, and moreover, they discriminate against many conservatives. I think the term discrimination applies more to Trump's supporters than to conservatives."

Based on Trump's remarks, a JPMorgan spokesperson later stated: We will not close accounts for political reasons. We agree with President Trump's view that regulatory reform is urgent. We commend the White House's efforts to address this issue and look forward to working with them to get this done.

5. Russia-Ukraine conflict

Regarding the Russia-Ukraine conflict, Trump stated that falling energy prices could pressure Russian President Putin to stop the conflict in Ukraine. Trump said in the CNBC interview: "If energy prices could drop another $10 per barrel, Putin would have no choice because his economy is terrible."

6. U.S. economic data

Regarding U.S. employment data, Trump reiterated allegations that labor statistics are manipulated. He stated that labor statistics are outdated and highly politicized.

On the U.S. employment data, Trump has previously spoken intensively, stating that employment reports are manipulated, just like the data before presidential elections. Trump also mentioned that he will select an outstanding successor for the U.S. Labor Department.

7. Future successors

Regarding the question of his future successor, Trump stated in his speech that current Vice President Vance is "most likely" to become the heir to his "Make America Great Again" (MAGA) movement.

U.S. Secretary of State Rubio earlier stated that if Vance decides to run, he would be an excellent nominee, to which Trump responded: "I think he (Vance) is most likely." He added, "We have very outstanding talents; some of them are sitting on this stage today. So it's too early to talk about this now, but it's certain that Vance is currently doing very well, and he is probably the most favored candidate right now."

Trump also mentioned during the interview that he "may not" seek a third presidential term.