Birdwatch Note Rating
2025-04-06 02:15:41 UTC - HELPFUL
Rated by Participant: 5CD449098C93C6737379BF771E31FAC7104A16A27627ED72B20919F63172FF3D
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
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