News
Chinese media reports that authorities are planning to halt imports of Australian wine, lobsters, sugar, coal, copper, barley and timber are “deeply troubling”, Trade Minister Simon Birmingham says.
News
South Australian lobsters are among those that have been stranded on the tarmac in China, sparking concerns the lucrative shellfish could be the next target of Chinese trade sanctions.
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Calls to rebuild Australia’s manufacturing industry to provide jobs and increase national self-reliance in a post-pandemic economy have merit, but the move must be targeted. Big picture, big ticket products are not the answer, but there is a strong case for strategic manufacturing, argues Richard Holden.
China has suspended imports from an Australian barley cooperative after claiming it had found pests in the shipments, weeks after slapping Australian barley imports with an 80 per cent tariff amid growing trade and diplomatic tensions.
US President Donald Trump has taken steps to authorise new tariffs on $US325 billion ($A465 billion) in Chinese imports, as officials prepare for last-ditch talks to avert an escalation of a trade war that threatens to derail the global economy.
US President Donald Trump dramatically increased pressure on China to reach a trade deal, by announcing he will hike tariffs on $US200 billion ($A285 billion) worth of Chinese goods this week – and target hundreds of billions more soon.
