Intel has dropped royalty fees from the Thunderbolt 3 standard

What is the difference between Thunderbolt 3 and USB C?

The interface is the same, but Thunderbolt 3 is up to 4x faster.

So USB devices can be used on Thunderbolt ports at USB speeds and Thunderbolt devices can be used on USB Type-C ports with USB speeds (depends on the device though). Intel did this to help with adoption rates.
 
What is the difference between Thunderbolt 3 and USB C?

TB 3 is 4x faster than USB 3.1.
TB3 can be connected to a lot more things. Screens, HDDs, GPUs, networking, sound cards, headphones, displays, nearly anything you can thinks of.
It can be daisy chained 6 times (depending what you're using). So you can have one port plugged into your screen which plugs into your printer, which plugs into a HDD, then plugs into another HDD, then your sound card and finally headphones. That is if they all have 2 TB ports.
 
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