China imposes beef-import quota, slaps over-quota tariffs to shield local industry

China is kicking off 2026 with a three-year import quota for beef shipments from major trading partners, in a move aimed at protecting its struggling domestic industry over the coming years. Effective Thursday, a 55 per cent tariff will be levied on over-quota beef from countries including Brazil, Argentina, Australia, Uruguay, New Zealand and the United States, the Ministry of Commerce announced on Wednesday. “The objective of these safeguard measures on imported beef is to help the domestic...