Birdwatch Note Rating
2024-10-27 09:59:36 UTC - HELPFUL
Rated by Participant: 270D467521E5A7A0E2FEBCD6FE2BEB3FB9E65DCE0033D209F296B3ED6D9C9BDA
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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