Australia expressed disappointment over China's imposition of new beef import tariffs, which could impact over AU$1 billion in trade. China announced additional tariffs on beef imports exceeding a certain quantity for three years and suspended part of a free trade agreement with Australia. Australian officials stated their beef poses no risk to China's domestic industry and expect their trade partner status to be respected. Analysts suggest the move is linked to China's declining beef prices, oversupply, and increased imports, which investigators found damaged the domestic sector.