Birdwatch Note Rating
2024-10-26 16:39:39 UTC - HELPFUL
Rated by Participant: 5FC3664EC97F35395F11BD8218206D468A824CAF8E21D96E056B876BA4F0735A
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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