← SBS News In Depth
China's New Year surprise: hefty new tariff on beef exports exceeding quota artwork

China's New Year surprise: hefty new tariff on beef exports exceeding quota

SBS News In Depth
04:08
Play episode

Show notes

Australia’s billion-dollar beef trade faces a massive shakeup as China imposes a new 55 per cent tariff on imports that exceed strictly capped annual quotas. While the Chinese government claims the move will protect its farmers from oversupply, Australian industry leaders and the Federal Opposition warn the tariff increase breaches the spirit of Australia's long-standing free trade agreement with China.

More from this show

More
Now Playing
China's New Year surprise: hefty new tariff on beef exports exceeding quota — SBS News In Depth | Podcast | Josplay Music