China has actually fired its first shot in a significantly bitter diplomatic row, threatening to slap major tariffs on Australia’s barley exports, that might rip hundreds of countless dollars from the trade.
Bottom line:
- China prepares to announce significant tariffs on Australian grown barley
- The tariffs, based on dumping and farm subsidy claims, would end Australia’s $1.5 billion barley trade to China
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Barley is Australia’s 2nd most valuable agriculture export to China
Relations in between Canberra and Beijing have actually hit a fresh low in the wake of the COVID-19 pandemic, as Prime Minister Scott Morrison lobbies his equivalents for a global inquiry into the origins of the infection.
China’s Ambassador to Australia Cheng Jingye had actually formerly threatened his country would enforce economic sanctions if Mr