Post

Math is hard for journalists. I can't count the number of articles which say the 145% tariff on China will make goods 1.45x more expensive. No. It's actually 2.45x. By example: Original price: $100 Tariff imposed: $145 (because 145% of $100 is $145) Total: ($100+$145) = $245. That's 2.45x ! 🧐