Advance: What the fees will be like for exporting meat to China starting from January 1st

Uruguayan analyst Ricardo Sosa disseminated information from Globo Rural (Brazil), based on data from official sources. According to this source, Chinese officials explained to their Brazilian counterparts the new quota system that will govern Chinese imports starting January 1. This involves an allocation of quotas by country, which will be expressed in annual terms. According to the same source, Brazil would have a quota of 1.1 million tons, followed by Argentina with 510 thousand, Uruguay with 320 thousand, Australia and New Zealand with 200 thousand each, and the U.S. with 160 thousand. Anything exceeding the quota will pay a tariff of 55%, extremely high. If this information is true, Brazil would be the most affected country, followed by Australia, although if taken proportionally, the order would be reversed. Brazil would "lose" 350 thousand tons or 24% of what was exported this year and Australia 122 thousand tons or 38%. Since such a high tariff will govern the surplus, it ...