Birdwatch Note Rating
2024-10-26 10:39:42 UTC - HELPFUL
Rated by Participant: 4F8EB2E2C33F1E7A183409B032807BE860ABF5DD2F35918439EA40EDB454639C
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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