US Cuts Chinese Tariffs By 115% Which Is Impossible Because You Can’t Have More Than 100 Out Of 100 It’s Just Simple Math
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The United States of America (US) and the United States of China (not us) have reached an agreement to deescalate the trade war and lower tariffs by 115%, which isn’t even possible, even I can tell you that.
In an agreement that was hashed out over the weekend, America first removed 100% of the tariffs so that there were no tariffs but then continued to remove another 15% of tariffs from tariffs that weren’t there.
A negative and a negative make a positive so by removing 15% from nothing, the US was adding 15% tariffs onto themselves and now has to pay 15% to China instead which China is very happy about.
No other economists have pointed this out and from all my research it seems like I’m the only one which is nuts because I was really bad at math in school and even I can work this out.
Supposed ‘real’ economists are saying that the tariff rate will now be at 30%, down from 145%. Now that’s still an insane number. 30% was a dramatic figure for every other country hit with it, it just seems small compared to a million, quizillion percent that it was at before.
In return for this kind kind agreement, China will reverse its tariff counter tariffs. This is only for 90 days but it’s a start at least.
All markets and the dollar are up after the news which is mad, it’s almost like the markets aren’t in favor of these tariffs. Cray cray.
Donald Trump commented on the agreement saying, “China, China, China, China-China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China! China, China, China, China, China, China. CHINA!!!”
So I think he’s pissed.
For more tariff news read this one too: UK First Country To Sign Trade Deal With US, Mostly About Beef For Some Reason
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