Birdwatch Note Rating
2024-10-26 17:21:01 UTC - HELPFUL
Rated by Participant: AB8C7F62D22B6E38F174ABFB459F2A27403FBA38C1C7C77B7FA8B0BC4DDA5A79
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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