China's New Year surprise: hefty new tariff on beef exports exceeding quota
Australia’s billion-dollar beef trade faces a massive shakeup as China imposes a new 55 per cent tariff on imports that exceed strictly capped annual quotas. While the Chinese government claims the move will protect its farmers from oversupply, Australian industry leaders and the Federal Opposition warn the tariff increase breaches the spirit of Australia's long-standing free trade agreement with China.
SBS News In Depth · SBS Audio
January 2, 20264m 8s
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Show Notes
Australia’s billion-dollar beef trade faces a massive shakeup as China imposes a new 55 per cent tariff on imports that exceed strictly capped annual quotas. While the Chinese government claims the move will protect its farmers from oversupply, Australian industry leaders and the Federal Opposition warn the tariff increase breaches the spirit of Australia's long-standing free trade agreement with China.