๐ฅฉ China Just Slapped a 55% Tax on US Beef! ๐จ๐ณ
Chinaโs Ministry of Commerce (MOFCOM) is set to impose a hefty 55% tariff on US beef exceeding its annual quota, starting January 1, 2026. This follows a year-long investigation concluding that cheaper foreign imports were โsignificantly damagingโ domestic livestock industries.
The tariff kicks in for the US once exports surpass 164,000 tons in 2026, on top of existing taxes. Brazil, Australia, and Argentina also face similar restrictions with their respective quotas. These โsafeguardโ measures will last three years, ending December 31, 2028, with China planning gradual quota increases and tariff easing annually.
Why does this matter? China is a massive market for premium US beef. This move could force US producers to curb shipments or risk pricing themselves out of Chinese restaurants and supermarkets. This could have ripple effects across global trade. ๐