Birdwatch Note Rating
2024-10-26 10:37:15 UTC - HELPFUL
Rated by Participant: 87C175DCB6FC51A60628AC0A22D85F543004F9339C387621124B1BD50A32D1E7
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
All Note Details