Birdwatch Note Rating
2024-10-27 14:37:50 UTC - NOT_HELPFUL
Rated by Participant: D7E4E6D1D6E3ADF2328B73757E5F9E14349F6B42FF509EB8FC89AB388C5BDA0E
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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