Birdwatch Note Rating
2024-10-26 12:10:06 UTC - HELPFUL
Rated by Participant: 5FA24B0EE8A78028A04905E972ED0254ABD1BE80A7358B749999C4552AF9653B
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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