ANALYSIS: China on the Brink of Imposing 12.0% Tariff on Australian Beef Amid Rising Imports
China is on the verge of triggering the Special Agricultural Safeguard (SSG) mechanism for Australian beef imports, with only 21,968 metric tonnes (mt) remaining before a 12.0% Most-Favoured Nation (MFN) tariff is enforced.
By the end of August 2024, imports had reached 156,450 mt, nearing the 178,418 mt threshold. Most market players now anticipate that the safeguard volume mechanism will be triggered by early October, though delays in port clearance due to Typhoon Bebinca may push this to mid-October...
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