Cutting tariffs by 115% means that everything gets a 15% subsidy, perhaps by a reduction in declared value. Secretary of the Treasury Scott Bessent certainly must know the difference. He went to Yale and worked for George Soros. I have to wonder why he did not correct his speechwriter.
.jpg)
In other reports, the number was given correctly as “115 percentage points” to highlight the drop from 145% tariff to a 30% tariff for a net change of 79% downward on the American side.
The wrong number was repeated by many news copiers ...
 |
| "One hundred percent" means "all of it." |
... but was given the correct context by others.
 |
| See, especially, The Detroit News. |
PREVIOUSLY ON NECESSARY FACTS
The Success of the WEIRD People
Numismatics: History as Market
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.