Birdwatch Note Rating
2025-04-05 11:56:18 UTC - HELPFUL
Rated by Participant: F1050D2C0F83CEBBDE96A2B0E8441ADC42D469EBFAE0174DA1F00C17B5022DF5
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