Australia Warns of Severe Impact From China Beef Tariffs

Australian industry leaders warned of a $1 billion loss following China's decision to impose 55% tariffs on beef imports exceeding new quotas.Anthony Albanese expressed disappointment as Beijing moves to protect its domestic cattle sector from perceived harm caused by foreign supply.The measures, effective for three years starting in 2026, set restrictive caps for major exporters including Brazil, Argentina, and the United States.