- Trump’s adviser Miran highlights reindustrialization strategy, involving tariffs and deregulation.
- Tariff-induced market volatility noted amid financial uncertainty.
- Historical reference to periods of U.S. growth with high tariffs shows long-term potential.
Stephen Miran, economic adviser to former President Donald Trump, recently reiterated the administration’s confidence in reindustrializing the U.S. economy through tariffs and deregulation. In April, Miran stated that shifts in trade and tax policy would be required to cause a recession.
Stephen Miran emphasized the administration’s confidence in U.S. economic growth strategies centered around high tariffs and reduced regulations. His recent statement during a confirmation hearing outlined a vision of “reindustrializing” the U.S. economy, asserting that such methods have historically led to economic prosperity. Despite fears of inflation due to tariffs, Miran noted in 2018, there was no supporting data that tariffs inherently cause inflation. He emphasized that imports contribute to only 14% of GDP, thereby downplaying inflation concerns.
High Tariffs Cited as Pathway to U.S. Economic Growth
The immediate implications of these policies include heightened market volatility. Market fluctuations have notably impacted sectors such as tech and crypto, as observed with U.S. stock markets suffering significant losses. Bitcoin, for instance, experienced volatility with price fluctuations reflecting broader market uncertainties. The Crypto market trends, shared by Tier10k, showcase these fluctuations.
As of April 4, 2025, Bitcoin’s current price stands at $83,803.68, with a market capitalization of $1.66 trillion and dominance at 62.21%, according to CoinMarketCap. Over the past 24 hours, Bitcoin’s trading volume was approximately $44.37 billion. Recent fluctuations show a 2.43% rise in 24 hours, whereas it saw declines over longer periods: -6.81% over 30 days, and -14.71% over 60 days. The circulating supply is nearly 19.85 million out of a maximum of 21 million.
Stephen Miran, Adviser to President Trump, Nominee to Chair the White House Council of Economic Advisors, “High tariffs align with historical periods of economic success in the U.S.” Source
Volatile Markets Reflect Tariff-Driven Economic Policies
Did you know? Stephen Miran’s approach mirrors historical U.S. economic strategies, drawing parallels to high-tariff periods often associated with economic growth. This perspective underscores confidence in current policies despite inevitable market volatility.
Coincu’s research team suggests that protectionist policies could yield long-term economic benefits, yet emphasize the necessity for caution regarding the immediate disruptions they may cause in both traditional and crypto markets. Their analysis highlights how the interplay of deregulation and tariffs could lead to unpredictable short-term economic changes.
Recent fluctuations show a 2.43% rise in 24 hours, whereas it saw declines over longer periods: -6.81% over 30 days, and -14.71% over 60 days. The circulating supply is nearly 19.85 million out of a maximum of 21 million.
No tags available.
Other Posts
Latest
DWF Labs’ Andrei Grachev Advocates Deal-Making Amidst Market Downturn
Press Release
Tezos-Powered Lyzi Raises €1.3M to Deliver Flexible Crypto-to-Fiat Payments Across 400,000 Retail Locations
ZKcandy Supercharges Web3 Mobile Gaming with L2 Mainnet Launch
