Birdwatch Note Rating
2024-11-27 05:53:54 UTC - NOT_HELPFUL
Rated by Participant: 0C9ACC9206901B03519BF5444335D969873FFEDD9336954E22FF4E1F911E5D0A
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Original Note:
A tariff only applies to imported products, whereas a tax applies to all goods/income. By placing a tariff on imported products, domestically produced products have an increased level of market competitiveness, incentivizing the manufacture and purchase domestic products. https://differencify.com/tax-vs-tariff/
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