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.
From the New York Times (6/23):
The Times doesn’t say whether or not these figures are inflation-adjusted. But even if they’re not: are you making 40% more than you were in 1998, even in nominal terms—as the analysis projects bankers will in 2009? We’re not.
The chart accompanies a piece on Citigroup raising employees’ salaries to make up for their smaller bonuses:
Read the article here.