Donald Trump Bloomberg Interview summary: 🚨🚨🔥

> will allow Jerome Powell to serve out his term as chair of the Federal Reserve (until May 2026).

> will lower the corporate tax rate to 20% & will try to get it down to 15%.

> considering Jamie Dimon (JPMorgan CEO) for Treasury Secretary.

> FED should abstain from cutting rates before the November election and giving the economy, and Biden, a boost.

> no longer plans to ban TikTok.

> Trump on Big Tech: “They have become too big, too powerful,”—“They’re having a huge negative impact on, especially, young people.”—“If you don’t have TikTok, you have Facebook/Instagram —and that’s, you know, that’s Zuckerberg.”

> Trump on inflation: will bring down prices by opening up the US to more oil and gas drilling. “We have more liquid gold than anybody."

> Tariffs on imports: 60% to 100% on china and 10% across-the-board from other countries.

> Trump on Taiwan: Taiwan took U.S. chip business, wants Taiwan to pay the U.S. for protection & sees practical difficulty of defending a small island on the other side of the globe.

> Trump on Saudi Arabia: They’re always going to need protection.. they’re not naturally protected.”—“I’ll always protect them."

> Trump on Crypto: "If we don’t do it, China is going to figure it out, and China’s going to have it—or somebody else.”

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