Beefing Up Diplomatic Relations in South America Brazil's decision to use Uruguay's surplus beef export quota to China has sparked interest and concern among industry watchers.
On the surface, this move appears to be a pragmatic solution to Brazil's dwindling beef exports to China, which have been hit hard by Beijing's tariffs.
The Tariff Tango China's 55% tariff on beef imports exceeding quota levels is a classic example of protectionism.