r/wallstreetbets • u/s1n0d3utscht3k • Mar 03 '25

News Trump Officially Signs 20% Tariffs on China

https://www.barrons.com/news/trump-signs-order-for-20-tariff-on-china-w-house-d6fec57f
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u/signalflo4 Mar 03 '25

Yup. By lifting the rules on anti money laundering and doing away with shell company owner verification, nearly nothing is stopping the rich from damn near wiring money to an account in exchange for getting on the exempt list

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u/Fast-Noise4003 Mar 04 '25

doing away with shell company owner verification

Wait, they repealed the new beneficial ownership reporting rules?

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u/signalflo4 Mar 04 '25

For US owned companies, yes. And now you can buy a gold US citizenship card for 5,000,000.