Birdwatch Note Rating
2024-10-26 16:39:52 UTC - NOT_HELPFUL
Rated by Participant: EA64B2EFDC22C04C9F3790DBB07346786975A43FE094A2A74B8455E8034422C9
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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