Overview
- The measures take effect on January 1, 2026 and run through December 31, 2028.
- Argentina receives a 511,000-tonne annual quota with its current 12.5% tariff preserved inside the quota and a 55% surcharge on any volume above it.
- Trade data indicate Argentina’s 2025 exports to China roughly match the new cap, suggesting limited immediate disruption but constrained expansion.
- Brazil is allocated about 1.1 million tonnes in 2026 with small annual increases, while the United States gets 164,000 tonnes in 2026 rising to 171,000 in 2028.
- Quotas are set annually with no rollover, within-quota tariffs are maintained, and small developing suppliers under 3% individually and 9% collectively are temporarily exempt subject to review.