China’s New Beef Tariffs Impact Premium Producers Severely

Australian premium beef producers specializing in wagyu and Angus beef are facing significant challenges due to China’s imposition of a 55 percent tariff on beef exceeding the 205,000-tonne quota at the start of this year. The tariff is particularly concerning as it directly affects the exports to China, leaving producers like NSW Hunter Valley Angus producer Robert Mackenzie apprehensive about the future. Mackenzie, expressing concerns over the repercussions, emphasized the negative impact on industry stating, “There would be no way that you’d be selling any product into China once that tariff comes into play, so it’ll be a little bit…