Birdwatch Note Rating
2024-10-26 11:22:35 UTC - HELPFUL
Rated by Participant: 8E52ED7A8F9D50DA1FE4BF1BF5E920C5342B05C86997BA2AF498FEE61187EA66
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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