Birdwatch Note Rating
2024-11-26 20:24:46 UTC - HELPFUL
Rated by Participant: DC05E5A170E2D42362FD7CE7DD72540718297C37A1DBF5A26F074C99130C0C6C
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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