Birdwatch Note Rating
2024-10-26 15:59:19 UTC - HELPFUL
Rated by Participant: 870EC53CAC9B1B5E9264DD7A9C6623CA65C49666D6C419D61DF7A29BC7BA14DF
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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