higher automobile prices for U.S. customers
An import quota is a limit on the amount of goods that can ENTER a country.
import quoata
An import quota sets a physical limit on the amount of goods that may be imported during a given period. An export quota does the same for a nation's exports.
QUOTA
To reduce competition from foreign producers
The taxfree quota for bringing cigarettes into Norway is one carton, 200 cigarettes.There is no quota in bringing cigarettes out of Norway, only the import quota in the country you are travelling to.
To reduce competition from foreign producers.
Import quota
An import quota is a government-imposed limit on the quantity of a specific good that can be imported into a country during a given time period. The primary purpose of an import quota is to protect domestic industries from foreign competition, stabilize prices, and ensure a balance of trade. By restricting foreign goods, quotas aim to promote local production and safeguard jobs within the country.
A tariff is a tax on trade; a quota is a restriction on trade within a certain time or date.
Tariff And Import Quota
import quota