Birdwatch Note Rating
2024-11-26 19:34:50 UTC - HELPFUL
Rated by Participant: 47384993444591D13B23321C5CEDD744FD22C575DF9FCA30F080C5BB7D592EB8
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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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