Birdwatch Note Rating
2024-10-26 11:20:02 UTC - HELPFUL
Rated by Participant: D2FBFDF83B0A411C3C504A37B27C02DB079F77C1912AFEEBAE6CC06CA7C9A572
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