Australia’s government is “disappointed” with China’s decision to impose new beef import tariffs, with one industry group warning the move could damage trade worth over A$1 billion (US$667 million) between the two countries.
China announced it would impose additional 55 per cent tariffs on some beef imports from countries including Brazil, Australia and the United States that exceed a certain quantity for the next three years.
The country also said it would suspend part of a free-trade agreement…
Source: Australia ‘disappointed’ with China’s 55% beef tariffs, as US$667 million in trade at risk
