Birdwatch Note Rating
2024-11-26 18:56:47 UTC - HELPFUL
Rated by Participant: 3D76250D49E7B2D93B7AF7AFAB1D43287527A85430CC6F76B254540B1B871A32
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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