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Wheat growers wary of China tariff threat following bumper crop
The state’s wheat farmers are bracing to be the next target of Chinese sanctions as more tariffs on Australian wine kick in.
News
The state’s wheat farmers are bracing to be the next target of Chinese sanctions as more tariffs on Australian wine kick in.
News
Australia’s Trade Minister says it’s “deeply frustrating” that China refuses to discuss its “unacceptable” targeting of Australian exports, with lamb joining wine, beef, coal, barley and timber on the unofficial hit list and wheat and cotton producers bracing as the trade dispute worsens.
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The recent announcement of harsh Chinese tariffs on Australian wine imports will devastate South Australia’s huge wine industry. But the magnitude of the blow could have been significantly reduced if Australian producers had pursued greater diversification in their export strategies, argue Flinders University Professor Roberta Crouch and Dr Nathan Gray.
China is set to impose duties on Australian wine of between 107 and 212 per cent from tomorrow following an “anti-dumping” inquiry announced as part of a suite of measures in past months targeting Australian exports.
Trade Minister Simon Birmingham is leaving the door open to taking China to the World Trade Organisation over barriers to Australian goods.
China is serious about imposing substantial trade penalties on Australian industry – evident by a Chinese Government crackdown on Australian coal imports, an anti-dumping ruling against Australian barley exporters and deregistration of four Australian beef exporters. But the most telling effect on South Australia will come from a possible anti-dumping finding against Australian wine exporters.
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.
