Birdwatch Note Rating
2024-10-26 15:42:07 UTC - HELPFUL
Rated by Participant: DE02A0EF16411B6F2893E2D268E392406E10C9592DC2BCC61A0FEA1C529D9141
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
All Note Details