Birdwatch Note Rating
2024-10-26 22:02:52 UTC - SOMEWHAT_HELPFUL
Rated by Participant: D38EB76A39992F7A756B9A00C3B4DB7838199101E13C845F53E0B5F73FD0B1B4
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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