import quota

1. A governmental restriction on the quantities of a particular commodity that may be imported within a specific period of time, usually with the goal of protecting domestic producers of that commodity from foreign competition. (See tariff.)

Example Sentences

By lowering its tariff-free import quota and raising tariffs on excess imports, the EU is aiming to shore up a steel industry that has lost some 65 million tons of capacity since 2007, according to the bloc.

Read more on The Wall Street Journal

In 2018, when Trump similarly imposed a 25% tariff on all steel imports, Seoul was granted a waiver in exchange for a yearly import quota.

Read more on BBC

The Biden administration lifted the Trump levy — but replaced it with another instrument of “managed trade,” an import quota.

Read more on Washington Post

Thailand had earlier this year increased its corn import quota to 600,000 tonnes from 54,700 tonnes, and cut import duties to alleviate a tight feed market, Bangkok-based traders said.

Read more on Reuters

He has engaged in talks with Iran aimed at boosting Brazil’s urea import quota from the current one million tonnes to three million tonnes.

Read more on Reuters