Birdwatch Note Rating
2024-10-26 11:39:42 UTC - HELPFUL
Rated by Participant: 50EA500F79FD85DD15CF6A8F32AE1604B7D0A19EF64E019BCD1BFE8AC1958C39
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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