Birdwatch Note Rating
2024-10-26 16:25:44 UTC - HELPFUL
Rated by Participant: 4A286CD91741CBDD74564B667862B9FC4FB7FF6C6537DC5C90F85041334FDB41
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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