Birdwatch Note Rating
2024-10-26 09:46:54 UTC - HELPFUL
Rated by Participant: 9E161CDED8CB7EF9FEE8622B9D8C1C2690C5D5843270929CF0F5F853577DAE50
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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