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China slaps 55% tariff on Brazilian beef, rebuffs bid to borrow Uruguay’s quota

China slaps 55% tariff on Brazilian beef, rebuffs bid to borrow Uruguay’s quota
Key Points

China will charge an extra 55 per cent tariff on Brazilian beef from Thursday after Brazil filled its import quota for the year and has not agreed to let Brazilian exporters use the unfilled quota of neighbouring Uruguay, industry sources said. The Chinese Ministry of Commerce announced the surtax on Wednesday, a day after China’s customs administration confirmed that Brazil had used all of its 1.106 million-tonne allowance for 2026, and under the rules the extra tariff applies from the third...

China will charge an extra 55 per cent tariff on Brazilian beef from Thursday after Brazil filled its import quota for the year and has not agreed to let Brazilian exporters use the unfilled quota of neighbouring Uruguay, industry sources said. The Chinese Ministry of Commerce announced the surtax on Wednesday, a day after China’s customs administration confirmed that Brazil had used all of its 1.106 million-tonne allowance for 2026, and under the rules the extra tariff applies from the third... [Image text:] COSIELI 100 390 ACEM 3490 PALETA 3890 EITO 3890 LOMEINA
China (LOCATION) Brazilian (ORG) Uruguay (LOCATION) Brazil (LOCATION) The Chinese Ministry of Commerce (ORG)
Originally published by South China Morning Post Read original →