Birdwatch Note Rating
2024-11-27 07:55:49 UTC - HELPFUL
Rated by Participant: 19E9ED321567EA25420610A40CF9B66F2F1F123A4A51B8A0DF74640AD5031D5D
Participant Details
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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