Birdwatch Note Rating
2024-10-26 17:47:23 UTC - HELPFUL
Rated by Participant: 50678C60A40E6EE53E1C5D14B003F525894BAD3C6737C30D21E178B344726E07
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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