Birdwatch Note Rating
2024-10-26 13:36:38 UTC - HELPFUL
Rated by Participant: C39F6917555D3608BD7B0D59566F506D8631F8D65559F7C525069E6A53FC9E79
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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