Birdwatch Note Rating
2024-10-26 16:50:16 UTC - HELPFUL
Rated by Participant: B47CF7165B67E3D03E69CB1FBD10DFB2A5B02160E7EF50C7055C64B0E6C964D6
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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