3 ms·
Nope. The difference is that a tariff only applies to imports, whereas a VAT applies to all sales in the country regardless of whether they are imports or domes
by tzs 2y ago
Nope. The difference is that a tariff only applies to imports, whereas a VAT applies to all sales in the country regardless of whether they are imports or domestic.
The former puts imports at a competitive disadvantage. The latter does not.