Birdwatch Note Rating
2024-10-26 13:59:12 UTC - NOT_HELPFUL
Rated by Participant: 9706E5BF178E2187BE0408BB16C94973666BBE7986CDE96AD892FAF21B779BCD
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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