China slaps 55% tariff on Brazilian beef, rebuffs bid to borrow Uruguay’s quota

Surtax on its largest market alarms the industry, which is already locked out of the EU and facing higher US duties

Beef above the quota will now pay 67 per cent, including the regular 12 per cent import duty, a level exporters consider too high to keep selling.

With the quota exhausted, Brazil is effectively shut out of its biggest beef market for the rest of the year.