Birdwatch Note Rating
2024-10-26 17:29:47 UTC - NOT_HELPFUL
Rated by Participant: DB0B2409E013443008F008C99A79388A32C8789D907FA15800E97CEDD413824C
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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