Birdwatch Note Rating
2024-10-26 11:36:23 UTC - NOT_HELPFUL
Rated by Participant: 4A3FD4E4151DFC7D03AC72F6AD36B8C90653ED3751AC3586661D1B2256AFB5A0
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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