Birdwatch Note Rating
2024-10-26 13:58:00 UTC - HELPFUL
Rated by Participant: 70C98FED78027D190A7A6E27FD2413B2E3B9240A8219EC8DB29FBCD3E2764B01
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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