Birdwatch Note Rating
2024-10-26 13:44:40 UTC - HELPFUL
Rated by Participant: D9C9E4B754ED4D8FCB09D331ACCFBFE309D5F26FBD8715C521D85CC0FFD1C252
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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