Birdwatch Note Rating
2024-10-26 20:52:40 UTC - NOT_HELPFUL
Rated by Participant: E6F09243285D438366AD354D630336802903E4FA3F09B44EC6C4E0B320F90C98
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