FOREX NEWS & BLOG

US Customs & Border protection: Collecting $500 million under Pres. Trump’s latest tariffs

US Customs & Border protection: Collecting $500 million under Pres. Trump’s latest tariffs

April 16, 2025 7:03 pm |

The US Customs and Border Protection told CNBC that the department has collected more than $500 million under Pres. Trump’s latest tariffs. That is woefully short of the $2 billion per day that Pres. Trump repeatedly cites.

If true, how long will it take for Pres. Trump to enact tariffs that truly brings in $2B? (or tries too).

The problem is supplies may never make it to port especially from China. If no goods are coming in, no tariffs can be collected.

If the tariffs are not working in hurting China, what hurts would be things like chip exports into China.

This stuff cannot be good.

This article was written by Greg Michalowski at www.forexlive.com.

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Atlanta Fed GDPNow improves to -2.2% from -2.4% at the last estimate

Atlanta Fed GDPNow improves to -2.2% from -2.4% at the last estimate

April 16, 2025 6:52 pm |

The Atlanta Fed GDPNow growth estimate for Q2 improved to -2.2% from -2.4% on April 9. The GPS meant adjusting for imports and exports of gold also improved to -0.1% from -0.2% last estimate.

in their own words

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.2 percent on April 16, up from -2.4 percent on April 9. The alternative model forecast, which adjusts for imports and exports of gold as described here, is -0.1 percent. After recent releases from the US Census Bureau, the US Bureau of Labor Statistics, and the Federal Reserve Board of Governors, both the standard model’s and the alternative model’s nowcasts for first-quarter real personal consumption expenditures growth increased from 0.7 percent to 1.4 percent.

The next GDPNow update is Thursday, April 17. Please see the “Release Dates” tab below for a list of upcoming releases.

This article was written by Greg Michalowski at www.forexlive.com.

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MoneyMaker FX EA Trading Robot님의 실시간 스트림

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September 24, 2022 3:49 pm |

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