Definitions for "Tariff-rate quota"
A specific type of import quota that allows a certain quantity of imports at a low tariff rate and subjects imports above that quantity to a very high tariff rate. In the past, imports of leaf tobacco into the United States have been subject to tariff-rate quotas.
an import policy that allows countries to ship specified quantities of a product to the US at a relatively low tariff, but subjects all other imports of that product to a higher tariff
a quota for a volume of imports at a lower tariff