Birdwatch Note Rating
2024-10-26 12:16:51 UTC - HELPFUL
Rated by Participant: E23F1B5BFF420FC5E9BEC288FA11DE5014E4B44F155E1ED3DF81B3B08C7F2B66
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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