Birdwatch Note Rating
2025-04-05 08:39:13 UTC - HELPFUL
Rated by Participant: 07F1CEE61F2B2D0BB3BCF1C659D404FBB8012C248CF7CFF8DD23652F43A1D78D
Participant Details
Original Note:
Tariffs raise the price of locally-produced goods by eliminating foreign competition, allowing local companies to increase prices. (In addition, if tariffs did not increase prices for locally-produced goods, they would not incentivize onshoring or domestic manufacturing.) https://en.wikipedia.org/wiki/Tariff#Basic_economic_analysis https://pubs.aeaweb.org/doi/pdf/10.1257/jep.33.4.187?trk=public_post_comment-text
All Note Details