The question: Let's consider $f\in L^\infty(\mathbb{T})$ and $g\in BMO(\mathbb{T})$. I'm trying to figure out if the following inequality is true $$ \|fg\|_{BMO}\leq C\|f\|_{L^\infty}\|g\|_{BMO}. $$
My approach: I tried using the duality with $H^1$. I get $$ \|fg\|_{BMO}\leq \sup_{\|h\|_{H^1}\leq 1} 2\|f\|_{L^\infty}\|g\|_{BMO}\||h|\|_{H^1}. $$ So, if in the periodic case we have $h\in H^1\rightarrow |h|\in H^1$, I'm done.
In the real line, in order $H h\in L^1$ (H is the Hilbert transform) one needs $h$ with zero mean (this implies that $h\in H^1\rightarrow |h|\in H^1$ isn't true). However, this restriction seems like it might be bypassed in the periodic setting. For instance let's take $h(x)=c$ with $c$ a constant. Then $h\in H^1$ and $|h|\in H^1$.
I'm not very familiar with harmonic analysis, so, this question could be quite trivial for an expert.
PD: I ask this question in mathoverflow too.
The answer is no. The multipliers of BMO are bounded functions that are in LMO, meaning that $$\log (\frac 1{|I|})\frac 1{|I|}\int_I|f-f_{I}|dx\leq C.$$ This is a well-known theorem, due to S. Janson. See S. JANSON, On functions with conditions on the mean oscillation, Ark. Mat., 14 (1976), 189-196 and also D. A. STEGENGA, Bounded Toeplitz operators on Hl and applications of dualit between H1 and the functions of bounded mean oscillation, Amer. J. Math., 98 (1976), 573-589.
Also, it is well-known that a positive function is in $H^1$ if and only if it is in $L Log L$. This is due to E. Stein, see his books.