Birdwatch Note Rating
2024-10-27 01:01:27 UTC - HELPFUL
Rated by Participant: 70EA60C2C8B7047FA862FCE2AD041B67934D2EE2CF9F8C933E93095E357ADB4B
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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