Birdwatch Note Rating
2024-10-26 15:21:28 UTC - HELPFUL
Rated by Participant: AD40DE129CA25477C13D455D495D5C02CC51C015A86646E84C996A0E4F02864E
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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