Birdwatch Note Rating
2024-10-26 15:31:22 UTC - HELPFUL
Rated by Participant: 50FE5DF3F7E6CE2FF5666088411C32349B2491FFC86F6056AF8F516A8E990417
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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