Birdwatch Note Rating
2024-10-26 14:14:44 UTC - HELPFUL
Rated by Participant: 43A5C98F0F91BB9804E2CFA33D189C8DF4D03D615B3A405D0286A173C38757C5
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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