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8.1

Brazil beef exports to China hit 67% tariff as quota exhausted

Brazil's beef exports to China now face a 67% total tariff after the 1.106 million tonne quota was exhausted, triggering a 55% surcharge on top of the base 12% rate. The Brazilian government is seeking to negotiate an additional quota with China. This raises costs for Brazilian exporters and may shift global beef trade flows, benefiting competitors like Australia and the US.

InfoMoneyabout 17 hours agoBR, CN, AUCredibility 48%View source

Score Breakdown

Mosaic Score8.1
Model confidence0.9
Significance0.8
Source credibility0.5

Intelligence Tags

#beef#tariffs#trade#brazil#china#agriculture

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