Birdwatch Note Rating
2024-10-26 15:09:25 UTC - NOT_HELPFUL
Rated by Participant: 36186976B7A40A1D1030854D6EFC47F6464A181FA6A0CF36BA92B9E9C52D1606
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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