Birdwatch Note Rating
2024-10-26 13:01:53 UTC - HELPFUL
Rated by Participant: C1D79A91AEBE6747AE14160CE95AE310F710542A1D819FD611B87BC6107C0EAA
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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