Birdwatch Note Rating
2024-11-26 17:46:16 UTC - HELPFUL
Rated by Participant: D1ACEFE8F313A7942B0C4B97FE9CE381B2176D53DBEED8E313959D82242E5E82
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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