Birdwatch Note Rating
2024-10-27 05:58:34 UTC - HELPFUL
Rated by Participant: BA40A0E8918E2E5934FCD15FB1A2F677D66566F193C1A6BED82CEA1B386F8341
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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