Birdwatch Note Rating
2024-10-26 15:04:34 UTC - HELPFUL
Rated by Participant: 89CE5C2EB8536DB52EDA966D5F10C320C706D2AF26ABBFC28E328969A05D4F4B
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