Birdwatch Note Rating
2024-10-27 06:52:02 UTC - HELPFUL
Rated by Participant: E547DA5CDD54EA7CFE858B03DE3325D0C7E322CE1B208392D4A8C5EF3DA5910E
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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