Birdwatch Note Rating
2024-11-26 21:59:44 UTC - HELPFUL
Rated by Participant: CAE5D8E77BE170DDEBAA91A452FC1B372775B32D91F421A21056C47B3C1D5C15
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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