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.
Geithner's plan has been announced. Late on a Friday when nobody will notice, right? Never a good sign.
Basically, it's heads the banks win, tails we lose. Actually, heads we lose too.
From Paul Krugman's blog:
And from Yves Smith: