Birdwatch Note Rating
2024-11-26 18:50:13 UTC - NOT_HELPFUL
Rated by Participant: 7CB023C23BBEBFB7724CB6D851BFDF8BC3CB00CD39034FD2A8E6AFC04545FF15
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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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