Brazil and Australia Seek Higher China Beef Quotas
Brazil and Australia are asking Beijing to reallocate unused beef quotas from other nations. Current shipments face a 55% tariff next month if limits are hit.
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Brazil and Australia are lobbying China to increase beef import quotas as both nations approach their 2026 shipment limits. Brazil sent nearly $3 billion in beef to China in the first quarter, while Australia sent nearly $1 billion, totaling approximately $4 billion. Exceeding the quota triggers a 55% tariff, potentially halting trade for the world's largest exporters.
