Birdwatch Note Rating
2024-10-26 16:57:45 UTC - HELPFUL
Rated by Participant: 80EA2B605ECC2A2249FA0140F41B3188C7F91C0141802B02FB35040AAE331E69
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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