Birdwatch Note Rating
2024-10-27 06:37:27 UTC - HELPFUL
Rated by Participant: C36ECAAFA980FFE92178A1912604A3347CA7AED4893B41F1DF73FFDB69870A24
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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