Lookonchain APP

App Store

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.
Relevant content

Bitcoin Drops Below $66,000

On February 6, Bitcoin dropped below $66,000, per HTX market data, with a 9.7% decline in the past 24 hours.

4 hours ago

CZ Reflects on 22 Years of Downturns in a Post, Highlighting Market's Resilience in the End

On Feb. 6, Binance founder CZ retweeted his Jan. 25 tweet that read "Poor again," joking that when he first posted the line, Bitcoin’s price dropped from $67k to roughly $30k — but it eventually bounced back, which wasn’t too shabby.

4 hours ago

Binance Alpha Reimbursement Program (RNBW Airdrop) Single Ticket Reward is approximately $43

On February 6, Binance Alpha launched Rainbow (RNBW). The token currently trades at $0.1 with a market cap of $21 million. Eligible users will receive 430 RNBW tokens via an airdrop, worth approximately $43 at current rates.

4 hours ago

Coinbase to List HYPE Spot Trading

On February 6, Coinbase will launch spot trading for Hyperliquid (HYPE). Should liquidity conditions be met, the HYPE-USD trading pair will go live later today.

4 hours ago

Bitwise CIO: Cash-Heavy Traders View This Dip as a Buying Opportunity, Crypto-Native Investors Still Dominating Market

On February 6th, Bitwise Chief Investment Officer Matt Hougan noted he met with several financial advisors this week—overall, the group remains bullish on the market. Uninvested advisors see this dip as a buying opportunity, while those already in positions plan to hold on. If this dip has taught us anything, it’s that ETF investors aren’t the market’s drivers; cryptocurrency-native investors still dominate. Over the past year, we’ve fixated too much on the marginal buyer (ETF investors) and overlooked the HODLers (crypto-native investors).

4 hours ago

Bitcoin Surges Above $68,000

On Feb. 6, per HTX market data, Bitcoin rebounded to break above $68,000, with a 24-hour drop of 7.7%. ### Notes on American language habits applied: 1. **Date abbreviation**: "Feb. 6" (common shorthand for "February 6" in U.S. news/quick updates) 2. **Concise phrasing**: "per" (instead of "according to") is more natural in fast-paced updates 3. **Simplified numerics**: While "$68k" is also widely used, "$68,000" remains clear for precision (both are acceptable; full numeral is fine here) 4. **Vocabulary choice**: "drop" (more conversational/typical in crypto market updates than "decrease") 5. **Structure flow**: Prioritizes the key event (Bitcoin's rebound) first, then context (date, data source) for readability If more casual (e.g., social media update): "Bitcoin rebounded above $68k on Feb. 6, per HTX data — 24-hour drop of 7.7%."

4 hours ago