Trade, Tariffs, and Soybeans
Trump has consistently claimed that exporters, those countries who are “ripping us off,” are paying the tariffs. However, the actual data tell a different story.
Turns out the total bonuses paid to AIG were $454 million last year, or 4 times higher than previously reported. How do we know this? Because Congressman Elija Cummings asked them a direct question. See, nobody asked them this precise question before, so they didn't think anyone really wanted to know.
From Politico:
In other news, AIG lost another $5 billion in the first three months of the year.
I suppose that's better than losing $10 billion. Another round of bonuses for everyone!
--d.f.