Birdwatch Note Rating
2024-10-26 15:12:00 UTC - NOT_HELPFUL
Rated by Participant: CC69737D3DD115203B38C4DA552D01412341A39F231A4FB917A2014747B7BB70
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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