Birdwatch Note Rating
2024-11-26 18:27:37 UTC - NOT_HELPFUL
Rated by Participant: 54F4C742418E1A476135B145C2746A891B4776F12C560EA76CC640AD41630B9B
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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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