Summary
China will introduce new tariffs on imported beef starting next year. The tariffs will include a 55 percent surcharge on beef imports from the United States and other countries once annual quotas are surpassed.
Key Facts
- China plans to impose new tariffs on beef imports.
- The tariffs will start next year.
- The surcharge will be 55 percent.
- The tariffs will apply after annual quotas are exceeded.
- The new tariffs will affect beef imports from the United States and other major suppliers.
- China's Commerce Ministry announced the plan.
