Birdwatch Note Rating
2024-10-26 18:27:15 UTC - HELPFUL
Rated by Participant: 67476E420F2954D52B3F6CDDA4517882621C1F07F4688061E0F8317BCE8DA0FA
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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