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CBS: U.S. Treasury Secretary and Trump Once Had Heated Debate on Tariff Policy

2025.04.16 12:40:33

On April 16th, CBS News, citing multiple sources, stated that although the White House has been attempting to claim that Trump administration officials have been unified on U.S. tariff policy, internal differences over the policy had emerged weeks prior to Trump signing the so-called "reciprocal tariff" executive order on April 2nd. A senior Trump adviser was reported to have warned in private conversations that some tariff proposals could have a catastrophic impact on global financial markets and send the U.S. economy into a downward spiral. CBS reported that U.S. Treasury Secretary Scott Bennett and Trump's trade and manufacturing policy adviser Peter Navarro had a confrontation in late March in the office of White House Chief of Staff Susan Wells. According to multiple sources, Navarro advocated for a uniform 25% tariff on $3 trillion worth of imported goods, while Bennett, a former Wall Street investor, warned that this move would trigger market turmoil and outlined various risk scenarios. The report said that there was constantly heated rhetoric being exchanged.
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The probability of the Fed keeping interest rates unchanged in June is currently reported to be 97.4%.

As of June 13th, CME’s FedWatch tool signals a 97.4% probability that the Federal Reserve will hold interest rates steady this month, while the likelihood of a 25-basis-point rate cut remains at 2.6%.

4 hours ago

Iranian Foreign Ministry: Releasing Iran's Frozen Funds Is Key Part of Agreement

June 13 – According to Iran’s Fars News Agency, a spokesperson for Iran’s Foreign Ministry stated that the release of Iran’s frozen funds is a key part of the agreement.

4 hours ago

In the past 24 hours, there has been a total of $120 million in liquidations across the entire network, triggering a long and short squeeze.

Per Coinglass data, the entire cryptocurrency network recorded $120 million in liquidations over the 24 hours ending June 13. Of that total, $71.35 million came from long position liquidations, while short position liquidations accounted for $48.36 million.

4 hours ago

Analyst: US Bond Yield Rises to Highest Level Since Bitcoin's Inception, Potentially Suppressing Risk Asset Performance

June 13 – Crypto analyst Darkfost took to social media to point out Bitcoin is facing one of the most challenging U.S. Treasury yield environments since its inception. While the Federal Reserve’s benchmark interest rate and the U.S. Dollar Index have reached higher levels in the past, long-term U.S. bond yields are currently elevated, with 10-year and 30-year yields fluctuating between 4.5% and 5%. Coupled with growing market expectations of another interest rate hike later this year, this has driven up funding costs and created a tighter liquidity landscape. Analysts note that in this high-yield environment, investors tend to favor low-risk fixed-income assets, which diminishes the appeal of risk assets like Bitcoin. Historical patterns show that rising bond yields often align with tightening financial conditions, exerting pressure on Bitcoin’s price trend. The market is now at a key inflection point: the risk premium offered by risk assets relative to long-term bonds is being compre

4 hours ago

Iranian Foreign Ministry: Iran's negotiation team has no plans to visit Pakistan or Geneva in the coming days

June 13. According to Iran’s state-run news agency, Iran’s Foreign Ministry spokesman stated that the country’s negotiating team has no plans to visit Pakistan or Geneva in the coming days.

4 hours ago

Iranian Foreign Ministry: Iran-US Potential Rapprochement Only to Continue Dialogue, Not a Final Agreement

BEIJING, June 13 (Xinhua) — Iranian Foreign Ministry spokesman Bagaei stated Tuesday that any potential understanding between Iran and the United States is merely to facilitate ongoing dialogue between the two sides, not a final agreement, and unfreezing Iran’s frozen assets will be an indispensable part of such an understanding. Bagaei told reporters at a press briefing that Iran’s current focus is ending all ongoing frontline wars and easing regional tensions, adding that the country will not delve into the specifics of the nuclear issue at this stage. “The only way to achieve regional security is to end the presence of foreign military forces in the region,” Bagaei emphasized. He noted that unfreezing Iran’s assets is a key component of the discussions and will not be excluded. Topics currently under negotiation also include eliminating U.S. hostile actions against Iranian ships and issues related to the Strait of Hormuz, the Iranian official added. Bagaei concluded that Iran wi

4 hours ago

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