Birdwatch Note Rating
2024-10-26 10:44:29 UTC - HELPFUL
Rated by Participant: FDB30219ECBFFED3311BCE71B567D21573F4BA54FB2655D43AFBC93730117E7D
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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