Lookonchain APP

App Store
Feeds Articles

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.
Add to Favorites Download image Share x Copy link
Relevant content

Wash: The economy is showing impressive resilience, with the sole target of achieving a 2% inflation rate.

Federal Reserve Chair Waller stated that discussions at the interest rate-setting meeting were harmonious. The economy has demonstrated impressive resilience. The committee refrained from issuing forecasts, is firmly committed to achieving price stability, has no flexible inflation target, and its sole goal is a 2% inflation rate. (Jinshi)

10 minutes ago

Walsh: Five years of high inflation has eroded the credibility of the 2% inflation target, and inflation cannot be tamed within nine weeks.

Fed Chair Waller stated at a press conference that the high inflation of the past five years has left the market with a persistent impression that the Federal Reserve’s implicit inflation target is higher than 2%. Waller noted that the inflation issue "cannot be resolved within 9 weeks," and pointed out that both nominal and real yields on the current U.S. Treasury yield curve have risen significantly.

10 minutes ago

Woshi: Will not hesitate to take action when necessary, as high-tech capital expenditure has grown significantly.

Federal Reserve Chair Walsh said at a press conference that central banks do not always need to be the focus of market attention, but the Federal Reserve will not hesitate to take action when necessary and appropriate. Additionally, Walsh pointed out that capital expenditure in the U.S. high-tech sector has surged, with related investment showing very strong growth momentum.

10 minutes ago

Walsh: AI investments lay the foundation for future growth

Fed Chair Walsh said at a press conference that investment is robust. Markets’ reaction to developments must be observed directly and unfiltered, he added, noting that AI investment lays the foundation for future growth. The Federal Reserve held a lively discussion on four key issues: first, five-year high inflation; second, recent economic shocks; third, price increases stemming from those shocks; and fourth, monetary policy tools and strategies.

10 minutes ago

AI teacher dreams dashed: US school district pulls plug on robot teacher program after developer’s sex robot ties spark controversy

The Central School District of Salamanca in western New York State, USA, has announced the suspension of its planned pilot program to introduce the AI humanoid robot teacher "Sally" for the new semester. Developed by Realbotix, the robot is priced at approximately $60,000 per unit and was intended to serve as a classroom teaching assistant to interact with students. The project had previously sparked parental concerns over student data privacy, and further controversy arose after parents noted that Realbotix also manufactures sex robots for intimate companionship. Additionally, the local teachers' union has opposed the plan. The school district stated that the program is currently on hold, and it will continue to collaborate with the New York State Education Department to improve student data privacy agreements and maintain communication with the community. District Superintendent Mark Beehler emphasized that robots cannot replace teachers, saying "Teaching is always a human-to-human process" and that replacing teachers with robots is not in the best interest of students.

10 minutes ago

Hyperliquid’s daily revenue exceeded $2.07 million, and it has burned a total of 4.61% of its total HYPE token supply.

According to data from Onchain Lens, Hyperliquid generated approximately $2.07 million in protocol fees over the past 24 hours and burned 21,080 HYPE tokens, equivalent to around $1.16 million at current prices. To date, Hyperliquid has cumulatively burned 46.1 million HYPE tokens, valued at roughly $2.54 billion, accounting for 4.61% of HYPE’s maximum total supply of 1 billion tokens.

10 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

 More

Hot Articles

Follow us

X

Follow

Telegram

Join