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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.
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).
No, it’s done correctly, and it’s done that way for the same reason. It’s not compounding, it’s additive.
What part of that do you take issue with? The article itself says 130%, also.