Birdwatch Note Rating
2024-10-26 14:01:41 UTC - HELPFUL
Rated by Participant: 9220F3EA433D64E0041B0E908446B35BF3B7A0B2A130582F32876AAF9CBEC240
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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