Birdwatch Note Rating
2024-10-26 11:00:13 UTC - HELPFUL
Rated by Participant: 37F2D105BF673CA99777CCBE1EF7443C0A60BC8F261447057CB1B7485004717C
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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