GLOSSARY

Tariff Rate Quota (TRQ)

A two-tiered tariff system that allows a lower tariff rate on imports of a given product within a specified quantity and imposes a higher tariff rate on imports exceeding that quantity

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What is Tariff Rate Quota (TRQ)?

Tariff Rate Quota allows a lower tariff rate on imports of a given product within a specified quantity and requires a higher tariff rate on imports exceeding that quantity.

For example, a country might allow the import of 6,000 cranes at a tariff rate of 20%. However, a tariff rate of 40% would apply for any crane imported above this quantity.

TRQs are used in several industries, including: textiles, steel, and agriculture.

U.S. Tariff Rate Quotas and How To Take Advantage of Them

Importing Steel: Licensing, Tariffs and Where to Source

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