and “tariff-rate quotas,” which are tariffs that kick in or rise significantly after a certain amount of imports is reached (e.g., fifty thousand tons of sugar). Tariffs can serve several goals.

Poorer countries often have far higher tariff rates than wealthier countries because their governments depend on them for revenue. For instance, Djibouti, The Gambia, and Belize all had average ...

Another such type of levy are "tariff-rate quotas," which are taxes triggered by reaching a specific import threshold. For instance, this type of quota was used by the first Trump administration ...

This FAQ guide provides clarity on key aspects of customs duties and tariff structure updates in Budget 2025-26. Basic Customs Duty (BCD) is levied on imported ...