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  • Fri. Nov 22nd, 2024

Australian farmers captured in the middle as China expected to reveal tariffs that would end barley trade

Australian farmers captured in the middle as China expected to reveal tariffs that would end barley trade

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
  • 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

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