Birdwatch Note Rating
2024-10-26 13:09:03 UTC - HELPFUL
Rated by Participant: 6E62B03A0FE6C53C178B853D79C9EBA827D819A55F39642CDEE47D05643BDAD0
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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