Birdwatch Note Rating
2024-11-26 18:43:40 UTC - HELPFUL
Rated by Participant: E2525BDAC33DBFBC72696A80929E48C697AC1668BDF9F3595295F4EC78FC8D89
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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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