Birdwatch Note Rating
2024-10-27 14:10:20 UTC - HELPFUL
Rated by Participant: 53499ABCAEA1CC3165228D078EE5BF07D3D5D0AA193D9767522ECDFAEEB7E774
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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