Birdwatch Note Rating
2024-10-26 13:44:20 UTC - HELPFUL
Rated by Participant: FA6480CF91320177D57A7B34F6931D5FACD522EBE79DA1636316F6A072300B93
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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