China imposes extra tariffs of 55% on beef | EUROtoday

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China has introduced that extra tariffs of 55% will probably be imposed on some beef imports from Brazil, Australia and the United States. According to a press release from the Ministry of Commerce, beef imports have broken the Chinese economic system. The measure issues each recent and frozen beef, with or with out bones.

The commerce initiative, put in place to help home costs and defend native farmers, might assist ease world beef costs, which in any other case would have risen to a document excessive because of sturdy demand and low provide in different key areas, together with the United States, a serious client.