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...
Business
China slaps 55% tariff on Brazilian beef, rebuffs bid to borrow Uruguay’s quota
South China Morning Post
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