This explains why I get highly irked when journos and Daily Show people explain that tariff formula in oversimplistic terms, invariably ignoring that triangle preceding the tau in that equation, invariably claiming that triangle-tau = plain tariff rate.
That triangle (delta) indicates the amount of the change in the tariff and there was already an across-the-board 10% baseline tariff in place.
Delta tau equals the change in the existing 10% tariff, not the gdamn total tariff, ya morons.
I’m just gonna put it out here:If something goes down 10% and then up 10% again you are not where you started
The 10% increase is on a smaller amount
100 - 10 = 90 + 9 = 99
This also applies to the stock markets for example