China Imposes Extra 55 Percent Tariff on Brazilian Beef From Oct. 1

China has announced an additional 55 percent tariff on Brazilian beef imports, effective October 1st. This measure is a result of Brazil exceeding its annual beef import quota of 1.1 million metric tons. The new tariff, combined with the existing 12 percent duty, brings the total tariff on Brazilian beef to 67 percent, impacting China’s largest overseas market for beef exports.

• China will impose an additional 55 percent tariff on Brazilian beef imports starting October 1st.
• The tariff is due to Brazil exceeding its annual import quota of 1.1 million metric tons.
• This increases the total tariff on Brazilian beef to 67 percent, up from the previous 12 percent.
• China has been Brazil’s largest beef export market since 2009.
• The tariff-rate quota mechanism was introduced in January to protect local farmers.
• This mechanism applies to all eligible suppliers, including Australia, the United States, Argentina, Uruguay, and New Zealand.