Birdwatch Note Rating
2024-10-26 13:31:14 UTC - HELPFUL
Rated by Participant: 43F67F97671694D4C67755D5B9BA6357E1145896FD9EC3DDC48BD474B6A1D70F
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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