Birdwatch Note Rating
2024-11-26 18:23:17 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 2C37AFEA818C50C5408259B659B928537C27009BF7C01A0732468D089A3AD6E3
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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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