Birdwatch Note Rating
2024-10-26 20:40:51 UTC - NOT_HELPFUL
Rated by Participant: 6FF7E461E168BAB5AC4DF33B91DB7C5AFAB98D7F50CF6F099D1859693377A1A5
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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