Birdwatch Note Rating
2024-10-26 18:25:32 UTC - HELPFUL
Rated by Participant: 1DB1C13C065CDF9CBACE02236BB33C4B3B943C0E9A0FD6E49BF2284A3DCAA53F
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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