Trade · 6 pages · 12 min

How a tariff differs from a quota

A tariff taxes each imported unit, while a quota caps how many units may enter at all.

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From the opening

A tariff and a quota both lean on imports, but they lean in different ways. A tariff charges money on goods that cross the border, and a quota sets a quantity beyond which further goods are not allowed in under that license. The opening covers a duty leaves volume open, a quota stops the next unit, and quota rent follows the license.

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Inside

A duty leaves volume open
A quota stops the next unit
Quota rent follows the license
A tariff-rate quota mixes both
Where the idea stops applying
A distinction worth keeping

Sources

Tariff as a customs duty
Import quota and quota rent

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How a tariff differs from a quota

From the opening

Inside

Sources

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