Birdwatch Note Rating
2024-10-26 23:47:55 UTC - NOT_HELPFUL
Rated by Participant: 2884354FD609E0B0F9393AC42CE31941933EFA39E5F2BE55C3AC5201F813D9A1
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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