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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.

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

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.

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.

Biden also doubled an import quota on solar cells — the main components of panels that go on rooftops and utility sites — to 5 gigawatts, allowing a greater number of imported cells used by domestic manufacturers.