Birdwatch Note Rating
2024-10-26 10:05:29 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 62478003D2FC9B2A6CB9C3B5C2EF88F34E4B1BA40722855AF2006296078CFCD0
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
All Note Details