The tariffs unveiled by U.S. President Donald Trump on Wednesday are resulting in heated battles on social media, between those in favor and those against them.
Nassim Taleb, a renowned mathematician and statistician, and author of books The Black Swan, Antifragile, and Skin In The Game, got into one such tussle with Howard Lutnick, the United States Secretary of Commerce.
What Happened: When asked about his administration’s new tariffs and its impact on inflation in a CBS Mornings segment, Lutnick was quoted as saying ‘Foreign goods may become a little more expensive, but domestic goods do not.’
Lutnick went on to give an example of ‘Poland Springs Water Vs Fiji Water,’ stating that “Fiji water is going to get more expensive, but Poland Springs is not.”
This clip of the Treasury …