Birdwatch Note Rating
2024-10-26 11:17:16 UTC - HELPFUL
Rated by Participant: 30D71A165AACF29F98C80F0E515E36EBA3149BB4401F77D57F9179043CC79639
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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