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.
For years GE had a perfect record of earnings. Too good to be true? Apparently. According to the SEC, the company inflated savings and earnings through illegal accounting practices to the tune of $800 million. Although the profits weren't real, the executive bonuses were. But those are safe. Now the poor suckers who still own GE stock are left holding the bag for a $50 million fine.
From the Washington Post: