Birdwatch Note Rating
2024-10-26 12:19:59 UTC - HELPFUL
Rated by Participant: C01110826E4F06552879D0B5BFB37F60192D07D6A16F32D91E92306673D9250A
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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