Overview
- Effective January 1, 2026 through December 31, 2028, the regime sets an overall 2026 quota of about 2.7 million tonnes with gradual increases over the period.
- Argentina is assigned 511,000 tonnes annually, keeping its 12.5% duty within quota, with a 55% surcharge applied to any volume beyond that limit.
- Brazil receives roughly 1.1 million tonnes, Uruguay 324,000, Australia about 200,000, and the United States 164,000, redistributing market access among major suppliers.
- Immediate impact on Argentina is limited as January–November 2025 shipments to China of roughly 454,000–458,000 tonnes fall under the new cap.
- Quotas are country-specific, unused allocations cannot roll over, some small suppliers are exempt under set thresholds, and parts of Australia’s FTA safeguards are suspended.