Birdwatch Note Rating
2024-11-27 10:06:25 UTC - HELPFUL
Rated by Participant: B9F08CF124ACCB1BE7F3CE097E944780D46048541CFCD8E0B5B17E933132BDC6
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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