Health Boards


Encyclopedia


My Profile

Health Boad


Health Jobs


Shopping


Health Tools

Tariff rate quota

A trade policy tool used to protect a domestically-produced commodity or product from competitive imports. A tariff rate quota (TRQ) combines two policy instruments that nations historically have used to restrict such imports: quotas and tariffs. In a TRQ, the quota component works together with a specified tariff level to provide the desired degree of import protection. Imports entering during a specific time period under the quota portion of a TRQ are usually subject to a lower, or sometimes a zero, tariff rate. Imports above the quota’s quantitative threshold face a much higher (usually prohibitive) tariff. Currently, TRQs apply to U.S. imports of certain dairy products, beef, cotton, peanuts, sugar, certain sugar-containing products, and tobacco.


Selected Tariff rate quota links:

© 1997-2006 Healthboard.com.   Healthboard.com is a purely informational website, and should not be used as a substitute for professional legal, medical or technical advice.