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.
A piece in last Tuesday’s Wall Street Journal reiterates the point Roger Bybee made in our May/June issue (“Corporate America’s Counter-Stimulus Strategy”): Companies are shuttering profitable plants and putting workers out on the street despite viable buy-out offers in order to raise the price of a product they are still producing elsewhere by reducing capacity.
Read the whole piece here.