Birdwatch Note Rating
2024-10-26 14:17:33 UTC - HELPFUL
Rated by Participant: C704BE73CCAE3F7797B4F31F75D8E8E68B25711EDD32E4177D7F1A20C0B2685F
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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