How do import quotas differ from tariffs in the context of trade policies, and what impact do they have on international trade?

Import quotas and tariffs are both tools used by countries to control trade, but they work in different ways. An import quota sets a limit on the amount of a specific product that can be brought into a country, which restricts supply and can lead to higher prices for consumers. For example, if a country allows only 1,000 cars to be imported each year, any demand beyond that limit would not be met, making those cars more expensive. On the other hand, a tariff is a tax placed on imported goods, which raises the cost of those goods and can also reduce demand. Both measures aim to protect local industries, but quotas directly limit quantity while tariffs affect pricing.