Birdwatch Note Rating
2024-10-26 13:36:39 UTC - NOT_HELPFUL
Rated by Participant: D7CD9FD9FE32DEA2B3355F65A3D82C805A04BF3C9EC4A94076B7214580A57CDC
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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