Birdwatch Note Rating
2025-04-06 01:06:57 UTC - HELPFUL
Rated by Participant: BE38D44A6D5F6828EE25798913696DE2C51AA94DC8ABDBFDF6A4FB68CCF67753
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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