Birdwatch Note Rating
2024-02-26 11:21:01 UTC - HELPFUL
Rated by Participant: E46DDC7D2CE01BFCF4873DC826DDB953F104A02E035FC48F1C2E5E0F814F4936
Participant Details
Original Note:
Tariffs on goods coming from other countries are not paid by the suppliers in those countries. Tariffs are a tax on American businesses who pass on the increase cost to American consumers therefore increasing prices. https://www.investopedia.com/articles/economics/08/tariff-trade-barrier-basics.asp#:~:text=Tariffs%20increase%20the%20price%20of,for%20the%20goods%20and%20services.
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