Birdwatch Note Rating
2024-10-26 10:30:54 UTC - SOMEWHAT_HELPFUL
Rated by Participant: D3F2697D4F953FA7FB2617C01C6E34568591AA9DB515EEE8C150C3F2AB9E8ED3
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