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.
Berkeley economics and public policy prof Emmanuel Saez was awarded the John Bates Clark medal last week. The award recognizes his groundbreaking work showing that, contrary to standard economic thinking, income inequality in the United States has been rising steadily for the past thirty years.
For more on the general topic, see James Cypher's article "Slicing Up at the Long Barbeque" in Dollars & Sense from January/February 2007 that cites Saez's work.
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Congratulations professor Saez, and please keep up the good work.