Birdwatch Note Rating
2024-10-26 16:27:07 UTC - HELPFUL
Rated by Participant: D30A504587914F9EE85CFB8D014DBA1BBAC2F2B5C90DE0FF7C221882A0222565
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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