Birdwatch Note Rating
2024-10-26 14:21:02 UTC - HELPFUL
Rated by Participant: EC485EED1FD8EB0CC762145CAAA7145B3F94B4F0432636929C5560450BC5923C
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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