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.
