Trump's interview highlights include the Federal Reserve, tariffs, trade, and more.

Shaw, Golden Finance. On the morning of August 5th, local time, US President Trump gave an interview on CNBC's "Financial Forum," addressing a range of hot-button issues. According to Golden Finance, the speech primarily covered topics such as the Federal Reserve, tariffs and trade, immigration policy, banks, and global geopolitics. Key takeaways are summarized below: 1. Federal Reserve Monetary Policy and the Next Chairman. In his speech, Trump again criticized Powell for cutting interest rates too late. Trump stated that the Fed chairmanship is political and that Powell cut interest rates too late. He also ruled out appointing US Treasury Secretary Bensont as Fed Chair. Trump said, "I like Scott very much, but he wants to stay at the Treasury." Trump said he is considering four candidates for Federal Reserve chairman, including Kevin Hassett, one of his economic advisers, and Kevin Warsh, a former Federal Reserve governor. He declined to name the other two candidates. Trump said he may announce a new Federal Reserve chair soon, and the selection of Federal Reserve governors will be made this weekend. 2. Tariffs and Trade Policy Regarding tariffs, Trump announced a significant increase in pharmaceutical tariffs (up to 250%) and said he would announce tariffs on medicines and chips within the coming week. He said tariffs on pharmaceutical imports would start at a low level and could eventually reach as high as 250%. Trump said he would initially impose a "small tariff" on pharmaceuticals, but within a "maximum" of one to one and a half years, he would increase the rate to 150% and then to 250%. Furthermore, Trump stated that he would significantly increase India's tariffs, currently at 25%, within the next 24 hours due to India's continued purchases of Russian oil. He did not specify the new tariff rate for India. "India has the highest tariffs and is not a good trading partner," Trump said. Trump also stated his support for the recent trade deals with Japan and the European Union. However, he stated that if the EU fails to fulfill its obligations, a 35% tariff would be imposed. Regarding immigration policy, Trump announced that immigration rules for farmers would be introduced. He stated that agricultural workers should not be easily replaced with immigrant workers, and that farmers should not be left alone. 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 banks that allegedly abandoned customers for political reasons. Trump said he believes several banks discriminate against his supporters, adding that Bank of America and JPMorgan Chase had discriminated against him in the past by refusing to accept his deposits. He said in an interview, "I think they absolutely discriminate against me, and even more so, they discriminate against a lot of conservatives. I think the word discrimination applies more to Trump supporters than to conservatives." Following Trump's comments, a JPMorgan Chase spokesperson later stated, "We do not close accounts for political reasons. We agree with President Trump that regulatory reform is urgent. We commend the White House's efforts to address this issue and look forward to working with them to do so." 5. Russia-Ukraine Conflict Regarding the Russia-Ukraine conflict, Trump said that falling energy prices could put pressure on Russian President Vladimir Putin to end the conflict in Ukraine. In an exclusive interview with CNBC, Trump said, "If you can get energy prices down another $10 a barrel, Putin will have no choice because his economy is in shambles." 6. US Economic Data Regarding US employment data, Trump reiterated his accusation that labor statistics are manipulated. He said labor statistics are outdated and highly politicized. Trump has previously spoken out frequently about US employment data, claiming the jobs report is manipulated, just as data was manipulated before the presidential election. Trump also stated that he will select an outstanding successor to the US Department of Labor. 7. Future Successor Regarding his future successor, Trump stated in his speech that current Vice President Cyrus Vance is the "most likely" heir to his Make America Great Again (MAGA) movement.

U.S. Secretary of State Rubio said earlier that if Vance decided to run, he would be a great nominee. Trump responded: "I think he (Vance) is the most likely." He added: "We still have very good people, some of whom are sitting on this stage today. So it's too early to talk about this now, but what is certain is that Vance is doing a very good job so far, and he may be the most favored candidate now."

Trump also said in the interview that he "probably will not" seek a third presidential term.