tirsdag 6. juli 2021

US a big winner of China-Australia trade war

American exporters are emerging as winners from the China-Australian trade war, with US goods filling market openings caused by Beijing’s punitive tariffs on Australian goods. Statistics from the Chinese Commerce Ministry, General Administration of Customs of China and trade associations in Australia all show deep dives in the value of Australian exports to China in recent months.

Australian exporters have been ensnared in a wider geopolitical feud over everything from Huawei’s reputed security risks to the pandemic to alleged foreign interference in local politics. Beijing has taken particular umbrage to Australia’s call for an independent investigation into Covid-19’s origins.