U.S. President Donald Trump said he would soon implement new tariffs on semiconductors and pharmaceuticals, which he had previously warned about. He mentioned specific figures, stating that the tariffs on pharmaceuticals would be gradually increased.
On the 5th (local time), Trump said in an interview with CNBC that he would announce additional tariffs by item next week, identifying semiconductors and pharmaceuticals as the main targets.
Trump particularly noted regarding the pharmaceuticals tariff, "Initially, it will be a small imposition, but after a year to a year and a half, it will increase to 150%, and subsequently to 250%." This is interpreted as giving time for pharmaceutical production facilities outside the U.S. to transfer to the country before applying the full tariffs.
Trump criticized India for continuously importing Russian oil to fund the war, stating that as a retaliatory measure, he would significantly increase tariffs on Indian products from the current 25%.
He said, "If we drop energy prices by $10 per barrel (Bbl), Putin will have no other options."
Regarding the talks with China, he said, "President Xi Jinping requested a meeting. If negotiations reach a conclusion, it is highly likely we will meet before the end of the year; otherwise, we will not." He expressed an optimistic stance, stating, "Negotiations with China are nearly at the final stage, and my relationship with President Xi is very good."
Additionally, Trump hinted at the possibility of appointing a new Federal Reserve Chairman along with the selection of Adriana Kugler's successor, who resigned from the Federal Reserve (Fed) board. He included four individuals in the candidate pool, including former board member Kevin Warsh and former Council of Economic Advisers Chairman Kevin Hassett. However, he mentioned that regarding Scott Bessent, the cited candidate and Secretary of the Treasury, he asked Bessent the night before, and Bessent expressed his desire to continue as Secretary of the Treasury.
In response to a question about whether he would run again in the next presidential election, Trump answered, "Probably not," but shortly added, "I have the desire to run. My approval ratings in the polls are the highest I've ever received."