Imports of Brazilian beef hit 80% of the yearly quota volume on July 21, 2026, according to the Trade Remedy Bureau of the Ministry of Commerce.
A 55% tariff will be imposed on the third day after the imported quantity reaches 100% of Brazil’s quota of 1.1 million tons.
This announcement seems a bit delayed because imports reached 79% of the quota as of the June customs data.
China imported 148k tons of beef from Brazil in June, bringing the yearly total to 872k tons, or 79% of the quota. Extrap...