Birdwatch Note Rating
2024-10-26 11:27:54 UTC - HELPFUL
Rated by Participant: 7CBBBA70CB50393E25D6088198E0E3CAFD49806E0A32C41F02EED9E2E1AF8EB1
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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