Birdwatch Note Rating
2024-10-26 14:28:31 UTC - HELPFUL
Rated by Participant: 68BAB2FCE0F6DAC3D3C71D4C6CFA800068937A399D81E90103F9C020C16BFB19
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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