Bitcoin Unbothered By ‘One-Time Price Adjustment’ From Tariffs As Treasury Sec Bessent Assures ‘Smooth Transition’
Posted On March 7, 2025
U.S. Treasury Secretary Scott Bessent on Friday characterized tariffs as a “one-time” price adjustment, outlining the administration’s trade strategy ahead of the White House Crypto Summit.
What Happened: In an interview with CNBC, Bessent explained the tariff policy as a corrective measure to address global trade disparities, targeting issues like currency manipulation, government subsidies, and non-tariff barriers.
“The tariffs are one-time price adjustment, and everything else the administration’s doing,” he said, noting positive economic indicators such as a 15% decline in energy prices and crude oil since inauguration, alongside lower mortgage rates and a rise in …
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