Birdwatch Note Rating
2024-10-27 14:24:47 UTC - NOT_HELPFUL
Rated by Participant: 1504726D54E77AC8FFDD9F8BFF3F95E03E3E1EB9F3FB03973E8B22184A1E447A
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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