Birdwatch Note Rating
2024-10-26 16:06:23 UTC - HELPFUL
Rated by Participant: 679114575F020CBA311A158B335E47311EA89DF198FD921CA7D7F79B47CBB449
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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