Birdwatch Note Rating
2024-11-26 17:30:17 UTC - NOT_HELPFUL
Rated by Participant: DD56C9D79C91AE82CEA37B6DC88A1561F123D39D69DC2ADC174B755F667C5313
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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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