Australia’s spat with China may spell doom for its economy and the aussie – Special Report
Posted on May 21, 2020 at 7:46 am GMTSino-Australian relations sank to a new low this week after China unexpectedly slapped 80.5% tariffs on Australian barley imports, possibly signalling a new front in the global trade war. China buys about 30% of Australia’s exports and its decision comes days after blacklisting four Australian abattoirs that export beef. But while China’s actions must be ringing alarm bells in Canberra, the Australian government is not planning retaliatory tariffs, adding weight to speculation that there’s more than meets the eye in [..]