søndag 13. desember 2020

How China is hurting itself by attacking Australian exports

There is no doubt that recent trade attacks from China have hit Australia hard, but the sanctions also come with a price for Beijing, with the nation already experiencing some of the negative impacts. China has introduced tariffs and bans on a range of Aussie imports, including wine, barley, lamb, beef, coal, lobster and timber, with fears more industries could be in the firing line.

While it is clear Australia is suffering from the attacks, experts have warned China won’t come out of this fight unscathed. Earlier this year China imposed an 80 per cent tariff for five years on the $600 million of annual barley exports from Australia over dumping claims.