Wheat exports are Trump administration's latest 'win' for American farmers

The Trump administration declared another victory for U.S. farmers Thursday as it worked to convince Brazil to implement an annual duty-free tariff quote for wheat. A tariff rate quota is a mechanism that countries use to agree to provide minimum import opportunities for products previously protected by non-tariff barriers. Under the system, imports within the quota are subject to lower tariff rates —or no duties — while higher rates are implemented above the concessionary level.-- More...