Birdwatch Note Rating
2024-10-26 14:40:37 UTC - HELPFUL
Rated by Participant: 7E278B2CBBAB961909B4D094BFA565C56BA22910B1F3CB1B554C90E231530B96
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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