China to Apply Increased Tariffs on Beef Imports Exceeding Quota

China will impose an additional 55% tariff on beef imports surpassing its 1.1 million metric ton annual quota, effective October 1. This raises the total duty to 67% for over-quota shipments, impacting all suppliers, including Brazil. The measure, announced in January, aims to safeguard China's domestic cattle industry, potentially affecting international beef trade dynamics and prices.