tariff quotas
Tariff quotas are trade policies that combine tariffs and import quotas. They allow a certain quantity of goods to be imported at a lower tariff rate. Once this limit is exceeded, a higher tariff applies. This system aims to protect local industries while ensuring some level of foreign competition. Tariff quotas can influence domestic markets and trade relations significantly.
China will extend zero-tariff treatment to all 53 African countries that maintain diplomatic ties with Beijing from 1 May 2026. The policy covers 20 African countries that are...
April 30, 2026
