Birdwatch Note Rating
2024-10-26 15:24:41 UTC - HELPFUL
Rated by Participant: E36C2CFF4EA38BF63810A89EB5C0D7B9A5C826995A0B131E97D2D530E3F54D21
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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