Donald Trump announced he will impose an additional 100% tariff on goods from China, on top of the 30% tariffs already in effect, starting November 1 or sooner. The threat is a massive escalation after months of a trade truce between the two nations.
Trump’s announcement is tied to Beijing ramping up export controls on its critical rare earths, which are needed to produce many electronics. As a result, Trump appeared to call off a meeting with Chinese President Xi Jinping that was scheduled for later this month in South Korea.
Americans having trouble with basic math per usual. 30% on top of a 100% is not 130%
Looks like your country has trouble reading. Or maybe it’s dumb to stereotype an entire country and it’s just you.
If the item is currently 100 dollars and the tariff tax is 30% that’s 30 dollars. The extra 100% is on the item value, not the value plus original tariff, so it’s 100 dollars.
The total is therefore 130 dollars or 130% on top of the original value.
Lemmings having trouble with basic math per usual.
I would definitely believe if Trump was tariffing tariffs though.
No, it’s done correctly, and it’s done that way for the same reason. It’s not compounding, it’s additive.
From the few articles I read, Trump was refering to percentage points, not actual step by step percentage increases.
I wouldn’t bet that even grandpa rape knows what the fuck his own words meant, other than insider trading for his closest traitors.
I honestly wouldn’t be surprised if Trump can’t tell the difference (initially) between X2 step by step 45% increases (which would result in ~110% increase from base), versus two 45% percentage point increases (which would be 90% from base).
What part of that do you take issue with? The article itself says 130%, also.