Birdwatch Note Rating
2024-10-26 14:12:33 UTC - NOT_HELPFUL
Rated by Participant: 2805B89E54F99BC3DF0B7F6296FB79FE8A1BB89A0AE134B56EB43CD1405CDAFB
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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