Birdwatch Note Rating
2024-10-26 15:16:07 UTC - NOT_HELPFUL
Rated by Participant: AF038860F45E637AD5193866B7AEEEC63A2182A798360C437CBA07ABEC48B474
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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