Birdwatch Note Rating
2024-10-26 11:33:56 UTC - HELPFUL
Rated by Participant: 691D267DCEDD9C2239555D9F81FA4BC588EF0AA30C01AFC4EBE3992A425DA679
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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