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Uruguay Saw Opportunity in China. It Got Schooled in the Hazards of Trade.



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Word that Uruguay was seeking a trade deal with China prompted exultation at El Álamo ranch, a lush expanse of grass punctuated by cactus and herds of cattle on the eastern plains of Uruguay.Most of the cattle are destined for buyers in China, where they confront tariffs of 12 percent — more than double the rate applied to meat from Australia, the largest exporter of beef to China. Ranchers in New Zealand, the second-largest exporter, enjoy duty-free access to China.“Bring on the trade agreement,” said Jasja Kotterman, who runs the family-owned ranch. “That would level the playing field for us.”But the enthusiasm pervading this South American country has more recently given way to resignation that a trade deal with China is unlikely t …

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