Birdwatch Note Rating
2024-10-26 19:50:56 UTC - NOT_HELPFUL
Rated by Participant: 6EBD9B9F3343F00BCFB9124B28CF72E9A66BCF8577992F275D8AA4EA2B2BA1D2
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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