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● LIVE Updated 3h ago Β· 13 sources tracked

China adds 55% tariff to Brazil beef as imports hit quota

China began collecting an additional 55% tariff on beef imports from Brazil on October 1. The Chinese commerce ministry, MOFCOM, implemented the surtax after Brazil officially filled its export quota for the market. This new fee applies on top of existing rates. The move follows a rejected attempt by Brazil to borrow unused quota space from Uruguay to avoid the tariff hike. The industry faces significant pressure as China is Brazil's largest market.

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  • βœ“ China began collecting an additional 55% tariff on beef imports from Brazil on October 1.
  • βœ“ The surtax was triggered because Brazil filled its export quota.
  • βœ“ The additional tariff is applied on top of the current applicable rate.
  • βœ“ The Chinese commerce ministry announced the measure.
πŸ›‘οΈ Source Corroboration: 13 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

China implemented a 55% additional tariff on Brazilian beef starting October 1 after import quotas were reached.

Live updates

  1. China Imposes 55% Surtax on Brazilian Beef After Quota Limit Hit

    China began collecting an additional 55% tariff on beef imports from Brazil on October 1. The Chinese commerce ministry, MOFCOM, implemented the surtax after Brazil officially filled its export quota for the market. This new fee applies on top of existing rates. The move follows a rejected attempt by Brazil to borrow unused quota space from Uruguay to avoid the tariff hike. The industry faces significant pressure as China is Brazil's largest market.

    Why it matters

    Brazilian beef exporters are currently restricted from the EU market and facing increased duties in the US. The loss of preferential access to China complicates Brazil's global trade strategy. This shift occurs as other nations, such as Argentina, secure new market access in Japan.

    What is confirmed

    • China began collecting an additional 55% tariff on beef imports from Brazil on October 1.
    • The surtax was triggered because Brazil filled its export quota.
    • The additional tariff is applied on top of the current applicable rate.
    • The Chinese commerce ministry announced the measure.

    Still unconfirmed

    • Brazil attempted to borrow Uruguay's quota to avoid the tariff but was rebuffed by China.
    • The Brazilian beef industry is alarmed due to simultaneous lockouts from the EU and higher US duties.

    What to watch next

    • Official response from the Brazilian government regarding the surtax
    • Data on whether beef export volumes to China drop following the tariff implementation
    Sources used for this update (15)
    1. Reuters β€” China adds 55% tariff to Brazil beef as imports hit quota
    2. Bloomberg.com β€” Brazil Beef Hit With 55% China Tariff After Filling Export Quota
    3. South China Morning Post β€” Brazil’s beef exporters hit a wall in China as 55% tariff kicks in
    4. foodmarket.com β€” ANALYSIS: Quotas, Bans, and Tariffs - The New Rules Reshaping Global Beef Trade
    5. globaltimes.cn β€” China to impose additional 55% tariff on Brazilian beef imports starting Oct 1: MOFCOM
    6. Beef Central β€” Brazil officially fills China quota; Argentina gains access to Japanese market
    7. finance.yahoo.com β€” China adds 55% tariff to Brazil beef as imports hit quota
    8. www.thestar.com.my β€” China slaps 55% tariff on Brazilian beef, rebuffs bid to borrow Uruguay’s quota | The Star
    9. www.thestar.com.my β€” China adds 55% tariff to Brazil beef imports - The Star
    10. www.yahoo.com β€” UK and France end trial on new immigration deal, China adds massive tariffs to Brazilian beef, Soccer dra....
    11. sg.news.yahoo.com β€” Drone footage captures beached whale as sharks circle nearby - Yahoo News Singapore
    12. sg.news.yahoo.com β€” Comedian Andrew Schulz joins Michael B. Jordan and Austin Butler in Miami Vice '85 - Yahoo News Singapore
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