Birdwatch Note Rating
2024-10-26 15:47:50 UTC - NOT_HELPFUL
Rated by Participant: 76E53CFE732A64C639512AF6572B780B8A26F97ACD3D02770A266C5B2BB4D69E
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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