Birdwatch Note Rating
2024-10-26 11:56:03 UTC - HELPFUL
Rated by Participant: DCF6EE5A8E5B7941FF9D524C5BF0C2882E6EDE140222ECAC0DFECAFD0309C748
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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