Two ways the government can address the imbalances that free trade may create at home are through import quotas and tariffs. Both policies may sound ominous, but tariffs are worse on your wallet ...

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.