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The Difference Between Import Quotas And Tariffs (And Which Is Worse On Your Wallet)Two ways the government can address the imbalances that free trade may create at home are through import quotas and tariffs.
China issued a second batch of crude oil import quotas for 2025 to its independent refiners, potentially boosting the country ...
Steady quotas expected: Typically, Beijing maintains relatively stable grain quotas. Expected figures for 2024 are approximately 9.636 MMT of wheat, 7.2 MMT of corn, and 5.32 MMT of rice.
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