Birdwatch Note Rating
2024-10-26 12:30:41 UTC - HELPFUL
Rated by Participant: 047AF362A810B28731BE4E46B0A5738024B53D3353476E4077BE0D188A6CE6A6
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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