Quick Read
Summary is AI Generated. Newsroom Reviewed
Quick Read
Summary is AI Generated. Newsroom Reviewed
-
China sets quotas on beef imports after months-long investigation
-
Shipments exceeding quotas face a 55% tariff, says commerce ministry
-
Move aims to support domestic prices and protect local farmers
China set quotas for imports of beef following a months-long probe, restricting flows to the world’s top importer of the protein.
Beijing will impose 55% tariffs on shipments exceeding the set quotas, according to the country’s commerce ministry.
The trade move, put in place to bolster domestic prices and protect local farmers, could help ease global beef prices that have otherwise surged to a record high amid strong demand and tight supplies in other key regions, including the US, a top consumer.
Add us to your Preferences
Set as your preferred source on Google
ADVERTISEMENT
RECOMMENDED FOR YOU
China Announces Lower Tariffs On Key Imports Starting 2026 Amid Trade Criticism
Trade Tensions: China Hits EU Dairy Imports With 43% Duties After Probe
India May Impose Steel Import Tariffs To Counter Cheaper Imports From China: Report
Trump Cuts Food Tariffs On Beef, Coffee As Prices Vex Voters
POPULAR
1
Government Rolls Out Rs 4,531-Crore Market Access Support For Exporters
2
Indian Economy To Record High Growth Despite Volatile External Environment: RBI Governor
3
Vodafone Idea Awaits Clarity After Buzz Over Centre's AGR Relief Tanks Share Price
4
India's April-November Fiscal Deficit Widens To 62.3% Of FY26 Target
5