Birdwatch Note Rating
2024-10-27 12:58:41 UTC - HELPFUL
Rated by Participant: AABCF011F9484D36BA3C42EFC4148B3E6A04DE5A2FC6DC9D7128776B2258276C
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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