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

Binance Alpha Launches MarsCoin

Binance Alpha has listed MarsCoin, a meme coin on the BSC network.

10 minutes ago

Samsung SDS is advancing cooperation with Dunamu on stablecoin infrastructure and AI payment services.

According to Yonhap News Agency, Samsung SDS is advancing cooperation in the digital asset sector with Dunamu, the parent company of Upbit. The two sides are discussing areas including stablecoin infrastructure, virtual asset financial system integration, and AI-based next-generation payment services, and plan to further clarify specific business models. Lee Jun-hee, CEO of Samsung SDS, stated that the company’s equity investment in Dunamu is not a purely financial investment, but a strategic move to enter the digital asset infrastructure business. The two sides intend to combine Dunamu’s blockchain operation experience with Samsung SDS’s strengths in IT services, AI, cloud computing, and security to strengthen their digital financial infrastructure business. Samsung SDS’s second-quarter revenue rose 5.9% year-on-year to 3.7178 trillion won, while operating profit increased 0.7% year-on-year to 231.8 billion won. Among this, cloud business revenue grew 17% year-on-year to 779.4 billion won, and external cloud business revenue jumped 75% year-on-year. The company also plans to expand its AI infrastructure scale from the current 110 megawatts to 230 megawatts by 2029, and by 2031, expand the overall scale (including design, construction, and operation services) to over 800 megawatts.

10 minutes ago

Pakistan says the US and Iran are still negotiating over the Strait of Hormuz issue.

A spokesperson for Pakistan's Ministry of Foreign Affairs, Tahir Andrabi, told reporters in Islamabad on the 30th that negotiations between the United States and Iran are "still ongoing", particularly over the Strait of Hormuz issue and de-escalation of the situation. (Xinhua News Agency)

10 minutes ago

Whale deposits 625 $BTC ($39.96M) into FalconX after year inactivity, likely to sell

Whale bc1qyr deposited 625 $BTC ($39.96M) into #FalconX after over a year of inactivity, likely to sell. Holding $BTC for over a year, he has lost over $20M.

10 minutes ago

Binance's smart money account 'ESP bull' tops the 3-day loss leaderboard, with 94 positions totaling over $2.4 million in losses.

According to on-chain analyst Ai Yi (@ai_9684xtpa), Binance’s live contract smart money account “ESP bull” has topped the 3-day loss leaderboard, with cumulative losses exceeding $2.4 million. The account holds a total of 94 trading positions; its top five unrealized loss positions are: BTC long position ($4.05 million in unrealized loss), CTSI long ($2.16 million), ON short ($1.07 million), US short ($809,000), and ACX long ($805,000). Its primary unrealized gain comes from its XRP position, which currently stands at roughly $2.09 million, partially offsetting losses from other positions.

10 minutes ago

A crypto whale dormant for over a year has deposited 625 BTC to FalconX, currently sitting on an unrealized loss of more than $20 million.

According to Lookonchain’s monitoring, whale address bc1qyr, which has been inactive for over a year, deposited 625 BTC worth around $39.96 million into FalconX, likely in preparation for a sale. The whale has held the BTC for more than a year, with an unrealized loss of over $20 million.

10 minutes ago