Birdwatch Note Rating
2024-10-26 13:35:44 UTC - HELPFUL
Rated by Participant: 003FE7CAE776AF5D828F0B8FA469BC138D3B680F7716D3C602B2EC770DD27322
Participant Details
Original Note:
While @unusual_whales statement is correct, Trump's description of foreign countries paying the tariff is factually incorrect. "consistent theoretical and empirical finding in economics is that domestic consumers and domestic firms bear the burden of a tariff, not the foreig.." https://budgetlab.yale.edu/research/fiscal-macroeconomic-and-price-estimates-tariffs-under-both-non-retaliation-and-retaliation
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