Birdwatch Note Rating
2024-10-26 14:38:16 UTC - HELPFUL
Rated by Participant: EF1AEB2081056F16B518F43A57FBC4152D258B8C96F70A5FADF8B5908D32EAA5
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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