Birdwatch Note Rating
2024-10-26 14:16:44 UTC - HELPFUL
Rated by Participant: BE26CE1C429AEFC21371109B06F9451F5EA5C9893632E97794921308AEB4508D
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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