Birdwatch Note Rating
2024-10-26 09:44:27 UTC - HELPFUL
Rated by Participant: C1697086FB82BB7BADC05EEF1D9C74069B5EDC976DAAC900C59CA083CF43BB0D
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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