China adds 55% tariff to Brazil beef imports

Brazilian President Luiz Inacio Lula da Silva said ​last week that Uruguay had authorised Brazil to use the surplus from its beef export quota to China.

China in January said it would impose an additional 55% tariff on beef imports that exceed quota levels from key suppliers, including Brazil, in a move to protect its domestic cattle industry.

But China has not agreed to allow Brazil to use Uruguay's export quota this year or next, according to industry insiders.