Tidbits, Tariff, 45Z, Panama Canal 4/12/25
- Wright Team
- 3 days ago
- 5 min read
Highlights
The U.S. Dollar Index closed yesterday at the lowest level since April 2022. A lower dollar makes U.S. products more competitive in the world marketplace.
The 12 month U.S. Producer Price Index (PPI) was reported yesterday morning at 2.7% versus 3.2% the previous month; the market expected 3.3%. For the month of March, the PPI was a negative 0.4%, versus +0.1% in February; the market expected +0.2% for March. PPI is the measure of inflation at the wholesale level.
On Friday, China increased their tariff on all U.S. goods from 84% to 125% to go into effect today. Officials in Beijing said that American goods are no longer marketable in China. They are removing American TV shows and movies among many other anti-American measures.
Renewable diesel and biodiesel production has been reduced as the market was seeking stability in the absence of the blender’s tax credit, pushing costs above petroleum-based fuel. Domestic biofuel production the first two months of 2025 was down 41% from a year ago. Ouch!
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