Birdwatch Note Rating
2024-10-26 11:13:17 UTC - HELPFUL
Rated by Participant: 5801515D9112643F7B5485F2708CCA70A7FB35350B9F82CB047D2FB8E0FFA54B
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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