From www.accountingweb.co.uk: (UK context) Tariffs serve as protective measures against competition from cheaper foreign goods, while VAT is a consumption tax applied equally to all goods, regardless of origin.

The U.S. recently imposed tariffs on various imports, raising concerns about potential job losses and market disruptions due to increased prices for consumers and shifts in global trade dynamics.

Highlighting the complexities of tariffs and their broader implications for manufacturers and consumers, particularly in light of changes in market conditions and origin requirements.