Birdwatch Note Rating
2024-11-27 16:49:26 UTC - HELPFUL
Rated by Participant: 8CF0D06DC94BC12E923C256F48CB0A8B9EF1340B080E22B045B380185DEC6C6F
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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