Birdwatch Note Rating
2024-10-24 20:38:40 UTC - HELPFUL
Rated by Participant: CAACCAB871BC38DB710283C27D497B222238320A11D130D5A46949E07A6F0B20
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Original Note:
A Tariff is a tax, and US Tariffs are paid by American entities. Tariffs are paid by the person who imports an item, not by the country that provides it. https://taxpolicycenter.org/taxvox/what-tariff-and-who-pays-it Analysis of Trump's prior tariffs found that US Consumers bore nearly ALL of the economic burden of these policies. https://taxfoundation.org/blog/who-really-pays-tariffs/
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