Birdwatch Note Rating
2025-04-04 19:50:24 UTC - HELPFUL
Rated by Participant: B838ACF19972D1E7997E1625ECA632EB9BE9D76BDAB2F5BB1CE1E4C0A03B3F48
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