Thank you 🙂
It seems to me, however, that the EU wishes to protect European farmers and their meat producers, just as the US government wishes to protect American farmers.
If only there could be a limited exchange of agricultural products between both sides…maybe it would be to the benefit of both.
This is where "Tariff Rate Quotas" come in. A country sets quotas of a product that can be imported tariff free, but once the quota is reached, tariffs escalate quickly into double and triple digits. This makes these TRQs much more Quota than Tariff. Quotas are easy to negotiate, and farmers know how much product they can expect to export. All the crazy high "tariffs" you see people complaining about from Canada are actually TRQs.