U.S. Treasury Secretary Yellen: Expects Trade Issues to be Resolved by the End of October

By: theblockbeats.news|2025/08/11 08:12:02
0
Share
copy

BlockBeats News, August 11th. In an interview with Nikkei News, U.S. Treasury Secretary Benson stated that President Trump's tariff policy aims to bring manufacturing back to the United States. When evaluating the effect of Trump's economic policies since taking office, Benson said, "Trump's economic policy is like a 'three-legged stool'—tax cuts, trade, and deregulation. On the tax front, we have completed the record-breaking Tax Cuts and Jobs Act at lightning speed, which was signed into effect on July 4th. On the trade front, I believe we can make substantial progress by the end of October. As for deregulation, it is an ongoing effort. The President has made it clear that for every new regulation put in place, ten old ones must be eliminated."

Benson stated that the main reason for the shift to a tariff policy in trade was to rebalance the (current account deficit). He said, "Over time, tariffs should be like a melting ice cube. If production comes back to the United States, then our imports will decrease." (FXStreet)

-- Price

--

You may also like

Reduced to a hacker's ATM yet standing tall, the theft of Venus reflects the awkwardness of DeFi

After experiencing over $100 million in bad debts in at least four incidents, Venus remains the leading player in the lending sector on the BNB Chain, making it a rare "survivor" in the crypto space.

Under geopolitical conflicts, a policy window has opened. Can Hong Kong seize this wave of RWA opportunities?

The RWA wave sweeps the globe: the scale of on-chain real assets surged fourfold in one year, exceeding 25 billion USD. Hong Kong, backed by the mainland's "going out" policy window, is accelerating the tokenization process of physical assets from entertainment to real estate.

For Web3, this time Cai Wensheng is determined to get his hands dirty

This industry has experienced too many undignified endings; a bull market and a recovery cannot solve the problem. In the end, it will rely on projects that truly succeed and ecosystems that are genuinely established to win a dignified victory for the crypto OGs.

Ethereum Foundation Sets Up a "Dead Man's Switch," Will the Community Buy It?

The Ethereum Foundation's Manifesto Has Torn the Community Apart: Punk Idealism or Disconnect from Reality?

ConversationArthur Hayes: AI Will Spark Financial Crisis, Wait for Central Bank Money Printing Before Buying Bitcoin

「War Means Printing Money, and Printing Money is Good for Bitcoin」

From Power to Chip: How the Average Person Can Participate in the Wealth Opportunities of the AI Era

Everyone is talking about AI applications, but the real money-maker is the person selling the "shovel."

Popular coins

Latest Crypto News

Read more