Birdwatch Note Rating
2024-10-26 16:45:57 UTC - HELPFUL
Rated by Participant: ACE44192D2B19689E0746A7C6EAC22223767094738418BDE33DCD4A64CF8DDE0
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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