Birdwatch Note Rating
2024-10-26 19:29:10 UTC - HELPFUL
Rated by Participant: 98B7956177B6054A5C8F0E0DA8856AFA0F0E453624542DB208913B2F0900591D
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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