Birdwatch Note Rating
2024-10-26 10:55:26 UTC - NOT_HELPFUL
Rated by Participant: A6BB5D887B470284DD2170F3149BA29EE8870F751AE9F243A8ABFD82E74DF572
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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