Birdwatch Note Rating
2024-10-26 11:04:55 UTC - HELPFUL
Rated by Participant: EF67CE042804E5D3062D62D201F727BCB8D29C0D2D71F661E1DAE38E9F3B63FA
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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