Donald Trump Bloomberg Interview summary: đšđšđ„
> 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: âThey have become too big, too powerful,âââTheyâre having a huge negative impact on, especially, young people.âââIf you donât have TikTok, you have Facebook/Instagram âand thatâs, you know, thatâs Zuckerberg.â
> Trump on inflation: will bring down prices by opening up the US to more oil and gas drilling. âWe 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: Theyâre always going to need protection.. theyâre not naturally protected.âââIâll always protect them."
> Trump on Crypto: "If we donât do it, China is going to figure it out, and Chinaâs going to have itâor somebody else.â
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