Birdwatch Note Rating
2024-10-26 22:03:40 UTC - HELPFUL
Rated by Participant: 8BC99EE8CE9D57A20381EB6D2A17F652AD9341B1E61259F19D04217FD9B85DC9
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