Birdwatch Note Rating
2024-10-26 12:10:58 UTC - HELPFUL
Rated by Participant: 712861F3A020AC9A28DC6CFD7F2DEEFED1A488FAAE0CDF20967D4B8494E7BDC0
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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