Birdwatch Note Rating
2024-10-20 14:03:54 UTC - HELPFUL
Rated by Participant: EC878A9F4F6B297CD54103CCB2BE958B0D36D019DC9A45589EA01D5B5A6406DD
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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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