Birdwatch Note Rating
2024-10-26 12:59:21 UTC - HELPFUL
Rated by Participant: 94D2952DCB18C4074214181486D85861BDEFE0E1FBA7C1AAD7F9A85FC4252CB6
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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