Unlike unrestricted tariff contingents, a tariff quota operates on a two-threshold model: up to the set quota, importers pay a reduced or zero tariff; anything beyond is charged at the higher standard rate.
Source: https://www.trade.gov/tariff-quota-information
Matching tools and partners
You might also be interested in these terms
Free · No password · Never a paywall. Weekly top news and facts from logistics.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.