Birdwatch Note Rating
2024-10-26 12:33:07 UTC - HELPFUL
Rated by Participant: 63A62198BE70CE2D92BB3973EFEC644562C1B71171DD8382E7DAE05D1E02B1AF
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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