Tariffs will likely raise much less money than White House projects, economists say

By -
White House trade adviser Peter Navarro said tariffs would raise about $600 billion to $700 billion a year. Economists say that's nearly impossible.

Fonte: Finance

Publicado via Financial-Mindset

Comments

Post a Comment

Popular posts from this blog

Charlie Kirk left behind a vast, lucrative network of 500,000 donors who gave Turning Point $85 million in revenue

By -
Image
Charlie Kirk was only a teenager when he launched a scrappy conservative student group out of his parents’ suburban Illinois home. A decade later, that group—Turning Point USA—has grown into a political juggernaut, generating nearly a half-billion in total revenue in the 13 years since its inception, creating a sprawling network of campus chapters, and building a media machine that rivals legacy establishments.  On Sept, 10, Kirk, a husband and father of two, was shot and killed at a Turning Point event at Utah Valley University. He was 31 years old. His death has ignited conspiracy theories, calls for gun control, and a nationwide political debate over his legacy. But it has also left the future of his formidable conservative business and non-profit enterprises hanging in the balance.   By channeling polarization and student engagement, Kirk not only built an empire that sits at the center of the American right’s culture wars, but also made himself a multi-millionaire...
Read more

Rural America is suffering an economic crisis as crop prices plunge — ‘U.S. soybean farmers cannot survive a prolonged trade dispute’

By -
Agricultural trade groups have sounded the alarm recently on the state of farmers, who are grappling with a continued slump in prices for their crops and worsening credit conditions. They have asked lawmakers to help increase access to export markets, including China, which is still locked in a trade war with the U.S. U.S. producers of corn and soybeans have sent dire warnings as prices for their crops have crashed in recent years while President Donald Trump’s trade war whipsaws farmers. On Thursday, the  National Corn Growers Association raised alarms about “the economic crisis hitting rural America, as commodity prices drop at a time when input costs remain at near-record highs.” Corn prices have plunged more than 50% from their 2022 peak, while production costs are down just 3% in that span, translating to a loss of 85 cents per bushel, the NCGA said, adding that the outlook for next year is worse with even lower prices and higher costs. The NCGA called on Congress...
Read more

Gold prices should hit $4,000 as U.S. deficits may overshadow the Israel-Iran conflict, BofA says

By -
Image
Wars and geopolitical conflicts typically aren’t long-term growth drivers for gold prices, according to analysts at Bank of America , which sees the precious metal reaching $4,000 an ounce over the next year. Despite the Israel-Iran conflict heating up, the outlook for gold is likely to be swayed more by the U.S. budget deficit. Gold is often seen as a safe-haven asset during times of global turmoil, but wars and geopolitical conflicts typically aren’t long-term growth drivers for gold prices, according to analysts at Bank of America. In fact, gold has actually dipped 2% in the week since Israel began its air strikes on Iran. Meanwhile, tensions are ramping as reports Saturday said B-2 stealth bombers are headed over the Pacific. That’s as President Donald Trump weighs involvement in the conflict, potentially with bombers dropping massive “bunker busters” on heavily fortified Iranian nuclear sites. In a note on Friday, BofA analysts said they expect gold prices to reach $4,000 p...
Read more