Birdwatch Note Rating
2024-10-26 13:28:15 UTC - HELPFUL
Rated by Participant: 291E8C2A6A9E9D677D8F1E0273C0BB1C964DAC32AE0E5A981CCD26BE770840EA
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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