Birdwatch Note Rating
2024-10-26 17:48:37 UTC - HELPFUL
Rated by Participant: D5E6ECA4392285B39E1D307EFB04835B12A85686BE76C648682CC00E77F8C910
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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