Birdwatch Note Rating
2024-10-27 22:03:06 UTC - HELPFUL
Rated by Participant: C88AF57CCCB5D21E32A48D114A15CF7B784D7CB1F877F99DD2B552733CD5A79D
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
All Note Details