Trump Suggests New Federal Reserve Chair, Tariff Increases Loom

Former U.S. President Donald Trump discussed economic policies and upcoming tariffs on CNBC’s ‘Squawk Box’ on August 5, 2025.

Trump’s remarks could influence international trade and market dynamics, potentially impacting global tariffs and central bank leadership, with indirect effects on cryptocurrency markets.

Trump Announces New Tariff Policies and Fed Chair Prospects

Trump announced plans to potentially appoint a new Federal Reserve Chair in the near future and increased tariffs on pharmaceuticals and India. He criticized current labor statistics, suggesting manipulation, and reiterated his support for tariff policies that he believes will benefit U.S. industry. The planned tariffs on pharmaceuticals may start at smaller rates but could rise to 250%, showcasing Trump’s protectionist approach. India’s tariffs stand to increase significantly within 24 hours, signaling ongoing tensions related to their purchase of Russian oil.

Market reactions have been mixed, with stakeholders expressing concerns over potential disruptions. Trump’s statements about new tariffs on pharmaceuticals and semiconductors raised caution in the markets, while his comments on banking discrimination drew diverse feedback across political and financial spectra.

Market reactions have been mixed, with stakeholders expressing concerns over potential disruptions. Trump’s statements about new tariffs on pharmaceuticals and semiconductors raised caution in the markets, while his comments on banking discrimination drew diverse feedback across political and financial spectra.

Tariff Implications and Historical Market Response to Trump Policies

Did you know? President Trump’s last major tariff announcement in 2018 contributed to global market volatility and commodity price shifts, which indirectly increased trading in cryptocurrencies like Bitcoin and Ethereum during times of uncertainty.

Ethereum (ETH) is priced at $3,588.66, with a market cap of $433.18 billion, maintaining an 11.71% dominance. Over the past 24 hours, trading volume reached $31.78 billion, declining by 2.46%. Despite this, a 39.18% rise over 30 days reflects the crypto market’s resilience. Data from CoinMarketCap reveals these dynamics as of 03:03 UTC on August 6, 2025.

Insights from Coincu research team: Experts suggest that increased tariffs and leadership changes could spark shifts in global economic policy, potentially influencing financial and regulatory dynamics. Bitcoin and Ethereum may yet see market inflows as investors seek alternatives to traditional assets.