Market Chatter: Brazil Beef Shipments to China Face Additional Tariffs Upon Reaching Quota
MT Newswires Live
Sep 30
Brazilian beef shipments to China will see an additional 55% tariff after South America's largest economy reached its annual quota of 1.1 million tonnes, Reuters reported Wednesday, citing the commerce ministry.
The additional tariff adds to the standard 12% duty, raising dues to 67%, the report said.
China's commerce ministry introduced the quota at the beginning of 2026 to help protect the domestic cattle industry.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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