China Sets Beef Quotas in Hit to Brazil, Other Big Exporters (4)

China placed quotas on beef imports as it seeks to protect domestic farmers and producers, dealing a blow to Brazil and other major shippers including Australia and Argentina.

Shipments exceeding the limits will be subject to a 55% duty, after authorities determined that rising imports had harmed China’s own industry. The series of quotas will be in effect from Jan. 1, the Ministry of Commerce said on Wednesday.

The trade measures, which follow an investigation launched in December 2024, are likely to restrict flows of beef into the world’s top importer, and could hurt producers and cattle farmers elsewhere. China ...