

From the article
For example, only a quota of beef imports from Mercosur, equal to 1.5 percent of EU production, will be subject to a preferential 7.5-percent levy. […] Additional imports will face tariffs of up to 50 percent, he added.
This may drive more demand for meat production South America, but those quotas will limit that impact by quite a bit.
Finally. I really hope Germany does this soon. The social stigma against smokers and their inconsiderate habits is one of the biggest things I miss from Canada.