U.S.-China trade deal

Chinese tariff rate quota policy severely impacted US wheat exports

China's tariff rate quotas establish two tiers of tariffs, with a lower tariff for in-quota imports and a much higher tariff for out-of-quota imports. Chinese tariffs for grain commodities were 1% for in-quota and 65% for out-of-quota imports
Jan 25, 2020
By IBTimes APAC Desk