Birdwatch Note Rating
2024-10-20 14:14:20 UTC - HELPFUL
Rated by Participant: 24A3EE53AAF37E305E7A96C7DD274B62D051E525D9E38FE99BD9B2ABBFC40922
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Original Note:
NNN. Tariffs are a consumption tax. They're paid by the importer of a good and typically become part of the price paid by the end consumer. Consumption forms a greater part of the expenditures of middle- and lower-class households, so consumption taxes affect them more. https://www.investopedia.com/news/what-are-tariffs-and-how-do-they-affect-you/
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