Birdwatch Note Rating
2024-10-26 09:28:14 UTC - NOT_HELPFUL
Rated by Participant: 3A68A8DE5A493915E102DF9E803C261A3F465B67F522A33F68EAD2D9179B98AC
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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