Birdwatch Note Rating
2024-10-26 14:26:41 UTC - HELPFUL
Rated by Participant: 5524FA9F3DDC05FB134EF8A82BFF002A81427ADF832BA880BD1DEF760F3BECB4
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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