Birdwatch Note Rating
2024-10-27 01:09:58 UTC - NOT_HELPFUL
Rated by Participant: EBF1566FA17B0C7E3593F6E1E0DC0B1A765758359EFFF2154B2C1FBB4BB81B27
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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