Birdwatch Note Rating
2024-10-26 16:58:03 UTC - HELPFUL
Rated by Participant: 8B7673D73B6CED17EBE3E4531DF51A58C71C082A061FCFF58AF203FECBBD9852
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