Birdwatch Note Rating
2024-11-27 18:43:58 UTC - HELPFUL
Rated by Participant: 3756FC7176676F24D337734DBFA0C5F184AA70BDAA9E309FE16CF15D10302BB8
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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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