Birdwatch Note Rating
2024-10-26 11:12:47 UTC - HELPFUL
Rated by Participant: 4DC1134B8F9220F7F66EB49EA9B56421EE78094971F69D6DB5A315AB12FD3B23
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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