Birdwatch Note Rating
2024-10-26 10:57:05 UTC - HELPFUL
Rated by Participant: 46E18EB5342DCAE565587E6D67808A5D83669A22D1A1308EA86CE344B32CD5C3
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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