Birdwatch Note Rating
2024-10-26 12:45:24 UTC - NOT_HELPFUL
Rated by Participant: 3E7C838B29540D3187971B2540E015729838B7D40861645ABA80154094AA1CA7
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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