Birdwatch Note Rating
2024-10-26 19:33:25 UTC - NOT_HELPFUL
Rated by Participant: E3134FABF7D95BA3B9100B8F3810435CCAD96946690F48402019AB137173AA2B
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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