Birdwatch Note Rating
2024-10-26 11:05:10 UTC - SOMEWHAT_HELPFUL
Rated by Participant: EF2BF8DF00FFA76E47C7A5B2451E7DC99741F0729D72003E1C1A69A26B2F3FF4
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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