Birdwatch Note Rating
2024-11-26 16:58:48 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 67B41B6EC7F2E58FA02EF558431195A68E4767DA515F31CCAF7F075C1028E262
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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