Birdwatch Note Rating
2024-11-26 17:20:50 UTC - NOT_HELPFUL
Rated by Participant: 659BA8E84863415A119531CFD3CE606BDFCC20B960346F232D042F8700FF5370
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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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