Birdwatch Note Rating
2024-10-26 11:23:57 UTC - HELPFUL
Rated by Participant: 05032049FD77639A506E43C3154A74D49173F053FF901B7A481525B2B16EAA68
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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