According to a recent report from the Wall Street Journal, the trade dispute between the U.S. and China could cause Chinese “antique artifacts and contemporary paintings, sculptures and prints” to see tariffs as high as 25 percent.
Knowing this, it should come as no surprise that Senator McCaskill is opposed to President Trump’s strategy on reducing the U.S. trade deficit with China. McCaskill’s husband, Joe Sheppard, has invested hundreds of thousands of dollars in Xilling III Assets, which is a private equity fund that invests in Chinese art.
McCaskill may mask her stance on tariffs by claiming she is trying to defend Missouri manufacturers, but in reality she is looking to protect her husband’s wealth. Higher taxes on high-end Chinese art will not hurt the hardworking people she claims to represent, but it will impact her bank account.
This isn’t the first time Millionaire Claire has worked to protect her riches. She voted against the GOP tax reform package which cut taxes for the middle class and closed loop holes making it harder for wealthy individuals, like her husband, to stash cash in the Cayman Islands.