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

Jane Street plans to transfer $11 billion in public debt to external investors to gain flexibility for further AI investments.

According to a Financial Times report, Jane Street is in talks with investors including Pimco to shift roughly $11 billion in debt from public markets to private instruments via a private credit deal. Analysts note that the debt move is aimed at reducing quarterly financial disclosure requirements to numerous creditors, while giving the company greater flexibility to further invest in AI infrastructure such as data centers and related technologies.

3 minutes ago

U.S. July New York Fed 1-year inflation expectation stands at 3.63%, below forecast.

US July New York Fed 1-year inflation expectation comes in at 3.63%, versus the forecast of 3.71% and prior reading of 3.67%.

3 minutes ago

UBS: Gold rally has solid support, gold prices expected to approach $5,000 next year.

UBS Chief Investment Officer Ulrike Hoffmann-Burchardi and her team stated: “This round of gold rally is underpinned by fundamentals. We expect gold prices to approach $5,000 per ounce in the first half of 2027.” Since the U.S. and Israel launched strikes against Iran in late February, gold prices came under pressure and dipped temporarily. UBS strategists noted that near-term risks persist: if oil prices rise, or if the market prices in a more hawkish Federal Reserve monetary policy and higher bond attractiveness, gold prices will face headwinds. However, the bank remains optimistic about gold’s medium- to long-term outlook. Hoffmann-Burchardi added that her team anticipates inflation will gradually ease, the Fed is expected to hold interest rates steady this year, and will restart its rate-cut cycle in 2027. “Rising expectations of lower policy rates will likely push down real yields, weigh on the U.S. dollar, and in turn boost gold investment demand, creating a more favorable market environment for gold.”

3 minutes ago

Kalshi launches AI risk control tool Blanket to help small businesses hedge operational risks through prediction markets.

Prediction market platform Kalshi has announced the launch of an AI tool called Blanket, designed to help small businesses hedge operational risks—including those related to weather, energy prices, tariffs, and elections—using event contracts. Developed by independent fintech entrepreneur Lauris Zminsky, Blanket operates on Kalshi’s CFTC-regulated prediction market but is not an in-house product of Kalshi. The tool does not directly execute trades or process funds; instead, it leverages AI to analyze the risks faced by businesses and recommend Kalshi event contracts suitable for hedging.

3 minutes ago

Glassnode: Bitcoin options sentiment is improving, but demand for long-term downside protection remains high.

Glassnode’s market analysis notes that sentiment in the Bitcoin options market is improving, with short-term downside skew declining sharply. The 1-month 25 Delta Skew has dropped to around 7%, signaling recent panic has eased. However, longer-term skew remains at roughly 10%–12%, pointing to ongoing demand for downside protection. Currently, BTC call options hold an open interest of approximately $15 billion, exceeding put options’ roughly $10 billion. Recent capital inflows are concentrated in the $61,000–$67,000 range, with notable buying activity for $65,000 call options. Glassnode concludes the market is shifting toward more bullish positions but has not abandoned risk hedging.

3 minutes ago

BlackRock records 4 consecutive days of $BTC inflows totaling 9,269 $BTC ($604M)

BlackRock has seen 4 consecutive trading days of $BTC net inflows, totaling 9,269 $BTC ($604M).

3 minutes ago