Birdwatch Note Rating
2025-03-05 03:34:10 UTC - HELPFUL
Rated by Participant: 1BBD7A54F1B4FB7B7B11551CD78157509F5F58C0CE0D31A9A5BA1F7CE8891375
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Original Note:
Not true. US-made products rely heavily on imported components. Tariffs raise production costs, passed on through higher prices. Fed Res of Boston estimated Trump tariffs may add 2.2 pp to core inflation. Americans would have same money supply, but afford fewer goods. https://www.bostonfed.org/publications/current-policy-perspectives/2025/the-impact-of-tariffs-on-inflation
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