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

By: theblockbeats.news|2025/08/11 00:12:02

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)

OUSD was jointly launched by more than 140 giants, causing Circle's stock price to plummet in a single day. Circle's CEO personally wrote a response, clarifying USDC's moat from three aspects: network effects, liquidity, and regulation, and dismantling OUSD's three selling points of "free redemption...

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Why Is Bitcoin Down in 2026? What We Can Learn From 2022

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The large models in the United States are moving towards closure in the name of security

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From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

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Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?

Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited

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