What are the key differences between Customs and Tariff laws?

Customs and Tariff laws are two important sets of laws in international trade, but they are distinct and have different aims. Customs laws focus on regulating the flow of goods across borders, and are typically set by nations or international agreement. The purpose of these laws is to govern the movement and taxation of goods that cross international boundaries. Tariff laws, on the other hand, are intended to raise revenue for a nation. The rates of tariffs, or taxes on specific goods, are typically set to raise money from imports and exports. In Delaware, customs law is largely governed by federal law. Under the US Constitution, Congress has the exclusive power to regulate international trade. For this reason, a business in Delaware must abide by any federal regulations relating to goods being brought into or leaving the United States. Tariff laws, however, are typically set by local governments. This means that while Delaware businesses must abide by any federal tariffs, they may also have to pay different tariffs depending on which local jurisdictions the goods pass through. In conclusion, the main difference between Customs and Tariff laws is that the former focuses on regulating the flow of goods across international boundaries, while the latter seeks to raise revenue for a nation. Delaware businesses must abide by both types of laws, but they may have to pay differing local tariffs depending on their specific situation.

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What are the key differences between Customs and Tariff laws?

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