Birdwatch Note Rating
2024-10-26 13:34:23 UTC - NOT_HELPFUL
Rated by Participant: 43440E6DCAA7867B2228E520BBD218B4E926C327379E2BC0B98459B2C652D89D
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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