China Adds 55 Percent Tariff to Brazilian Beef Imports
China will collect an extra 55 percent tariff on Brazilian beef starting October 1 after imports surpassed the annual 1.1 million metric ton quota. The new levy raises total import duties to 67 percent for shipments exceeding the limit, impacting top exporter Brazil.
China will levy an additional 55% tariff on Brazil beef shipments starting October 1 after imports surpassed an annual quota of 1.1 million metric tons. The new duty raises total import taxes to 67% for shipments exceeding the threshold. The tariff pressure arrives as industry groups project a broader drop in export volumes amid tighter trade restrictions.
