China is about to hit Australian beef with a 55% tariff. What will be the impact? | ABC NEWS

China is cracking down on beef imports and says it is ready to slap Australia with an additional 55 per cent tariff in the coming days. Australia has already reached 90 per cent of an annual beef import quota that China introduced at the start of the year Once the quota is hit, subsequent beef imports into China will be subject to the tariff, which is likely to impact demand from one of Australia's largest markets. Subscribe: http://ab.co/1svxLVE Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia Subscribe: http://ab.co/1svxLVE Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia