Aussie Beef Farmers Smashed by 55 per Cent China Tariff
13 Articles
13 Articles
China to add 55pc levy as Oz beef imports fill quota
China said on Friday it will impose a tariff of 55 percent on beef imports from Australia after shipments from the country hit Beijing's annual limit. The price of beef in China has trended downwards in recent years, with analysts pointing to oversupply and a lack of demand. At the same time imports have surged, with China representing a hugely important market for countries such as Australia. Beijing's Commerce Ministry assigned annual quotas o…
Australian Beef Hit With 55% China Tariff After Hitting Import Quota in Record Time
Australian beef exports to China will incur a 55% tariff after surpassing the annual import quota, prompting producers to explore alternative markets and potentially reshaping global trade dynamics.
Australian beef farmers are about to face a heavy blow. As beef exports to China have reached their annual quota limit, Australian beef exporters will face tariffs of up to 55%.
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