Birdwatch Note Rating
2024-10-26 17:42:34 UTC - HELPFUL
Rated by Participant: 8005607A639EBFB795E68369AB52E42D9FA2BD89C40B6CD792DD93E7DD128E1E
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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