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China says Australia has reached beef quota, triggering 55% tariff

China's General Administration of Customs has confirmed Australia became the first major supplier to hit its 2026 beef import quota and that further shipments through year-end will face a 55% tariff. The decision puts pressure on Australia's red-meat exporters facing $1.9bn in annual revenue. In Canberra, the Albanese government called an emergency sector meeting.