Birdwatch Note Rating
2024-10-26 16:03:24 UTC - HELPFUL
Rated by Participant: 62302CD87DB2E08AC82AF822EC9C724F3DDCF92F86C2EBDF9E10A60342BBE104
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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