Birdwatch Note Rating
2025-04-07 12:53:50 UTC - HELPFUL
Rated by Participant: DF44E13C142135032AF342E4C5532CBC569FD1E9B5EA94A49CE655DF4A486E7B
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Original Note:
Workers do face costs of tariffs. In Trumps first term, tariffs on steel created around 1000 jobs in steel production, but caused a loss of 75,000 ‘steel using’ jobs: https://www.investopedia.com/metal-tariffs-cost-at-least-75-times-more-jobs-than-they-saved-8789838 Companies pass the cost of tariffs onto consumers, as shown here: https://www.investopedia.com/what-happened-the-last-time-trump-imposed-tariffs-8785151
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