NEW YORK, January 1, 2026, 19:55 ETChina is applying a 55% over-quota tariff on imported beef under a three-year safeguard system. For 2026, China set quotas of 1.1 million metric tons for Brazil, 205,000 for Australia and 164,000 for the United States, and said the limits would rise gradually each year. China’s commerce ministry set a combined 2026 quota of 2.7 million metric tons for countries covered by the measures and said the system would run for three years from Jan. 1. Beef imports fell 0.3% in the first 11 months of 2025 to 2.59 million metric tons, the commerce ministry said. Australian exports to China were 294,957 tons in the first 11 months of 2025, above its 2026 quota allocation.

Source: The Guardian January 02, 2026 22:04 UTC