China to add 55% tariff on some beef imports above set quotas
China announced plans to impose an extra 55% tariff on certain beef imports from countries like Brazil, Australia, and the United States that exceed specific quotas. The move comes as beef prices in China have dropped due to oversupply and weak demand. The Chinese commerce ministry said the new tariffs aim to protect the domestic industry, following an investigation into the impact of rising imports. The tariffs will be gradually relaxed over time, and quotas will expand each year.
What we know
- China will impose an additional 55% tariff on some beef imports from Brazil, Australia, and the United States that exceed set quotas from January 1.
- The extra tariffs will apply for three years, lasting until December 31, 2028.
- Annual quotas are assigned to each country, with Brazil allowed 1.1 million tons in 2026, Argentina about half that, Australia around 200,000 tons, and the United States 164,000 tons.
- The ministry is suspending part of a free trade agreement with Australia that covers beef.
- The tariffs are described as temporary safeguards to support China's domestic beef industry, not to restrict normal trade.
