Birdwatch Note Rating
2024-10-26 16:16:55 UTC - NOT_HELPFUL
Rated by Participant: 6F478EF07C137A4B83F8A88844756ECE87FC3D56AD3142FA7297E2EA86F3A506
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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