Birdwatch Note Rating
2024-10-27 10:53:07 UTC - HELPFUL
Rated by Participant: 0F917095FF3F4E591BD014F06DBD35AAB3189CB0B71AF3D7A598EAE9CC9AF733
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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