Birdwatch Note Rating
2024-10-26 12:40:03 UTC - HELPFUL
Rated by Participant: 7882F56AA22AEF41DAE6B8B5D1C5936F048F90286C45901A627D9BCA70E27811
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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