Birdwatch Note Rating
2024-11-26 19:26:35 UTC - HELPFUL
Rated by Participant: 25F847B2405D47111886AA2A680CF6500C6A16E001743D133C6D93E5216E8376
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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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