Birdwatch Note Rating
2024-10-26 16:15:16 UTC - HELPFUL
Rated by Participant: 7ABC9AF8D8BD8E223CA6184A95D6BDFE96BCB63D26309254C75A8D81A39FE3DE
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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