Sanofi Gains China Approval for Myqorzo and Redemplo, Strengthening Rare Disease Portfolio 
Trump Administration Approves Nvidia H200 AI Chip Sales to China Under New Export Rules 
Gold Prices Rebound in Europe as Geopolitical Tensions and Fed Outlook Support Bullion 
Syria Announces Ceasefire With Kurdish Forces as U.S. Pushes Integration Deal 
U.S. Government Invests $1 Billion in L3Harris Rocket Motor Business to Secure Missile Supply Chain 
South Korea Inflation Rises to 2.3% in December, Matching Market Expectations 
Trump Announces 25% U.S. Tariff on Countries Doing Business With Iran 
Supreme Court Tests Federal Reserve Independence Amid Trump’s Bid to Fire Lisa Cook 
Trump Says Greenland Framework Deal Gives U.S. “Everything It Wanted” 
Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns 
U.S. Stock Index Futures Steady as Markets Await Fed Policy Clues in Holiday-Thinned Trade 
FAA Issues 60-Day Flight Warnings Over Central and South America Amid Rising Military Tensions 
South Korea Investigates Alleged Civilian Drone Flights Into North Korean Airspace 
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production 
U.S. Plans NATO Staff Reductions, Raising Fresh Concerns Over Alliance Commitment 
Trump Delays Tariff Increases on Furniture and Cabinets for One More Year 
Trump’s “Board of Peace” Gains Support from Middle East and Asian Nations 
China will impose an additional 55% tariff on beef imports that exceed newly set quota levels starting January 1, 2026, as part of safeguard measures aimed at protecting its domestic cattle industry. The policy will apply for three years and cover major beef suppliers including Brazil, Australia, the United States, Argentina, Uruguay, and New Zealand, according to China’s Ministry of Commerce.
Under the new rules, China’s total beef import quota for 2026 is set at around 2.7 million metric tons, roughly in line with the 2.87 million tons imported in 2024. The quota will increase gradually in 2027 and 2028, but any volumes exceeding the annual limits will face a steep 55% tariff. The ministry said the surge in imported beef has caused serious damage to China’s domestic beef sector, following an investigation launched in December last year.
China’s beef imports declined slightly by 0.3% year-on-year to 2.59 million tons in the first 11 months of 2025. However, imports from key suppliers such as Brazil and Australia during this period already exceeded the new quota levels, signaling potential disruptions to global beef trade in 2026. Brazil alone shipped about 1.33 million tons to China during the first 11 months of 2025, well above its allocated quota.
Analysts expect China’s beef imports to fall further next year as a result of the safeguard measures. Industry experts note that China’s beef cattle farming remains less competitive compared with major exporters like Brazil and Argentina, a gap that cannot be closed quickly through technology or policy reforms.
The move comes amid a global beef shortage that has driven prices higher worldwide, including record levels in the United States. Exporters have expressed mixed reactions, with Australian and Brazilian industry groups warning of revenue losses, while governments say they will explore negotiations or alternative markets. China, meanwhile, says the tariffs will help stabilize its breeding cow inventory and support the long-term adjustment and upgrading of its domestic beef industry.
