Australia accused of taking 'extreme' stance on China and 'over-reacting' in escalating trade war - News Summed Up

Australia accused of taking 'extreme' stance on China and 'over-reacting' in escalating trade war


'You can't take that ­detached, hard line view towards China that the Trump administration has been taking. Data by RaboBank shows that one third of all Australian food and agriculture exports are scooped up by China. Diplomatic relations between Australia and China have deteriorated significantly during the ongoing coronavirus pandemic. That's because 32 percent - or $12.6billion - of Australia's $40billion in food and agricultural exports are gobbled up by China. Barley tariffs are now at 80 per cent, with the $550million Chinese market representing 54 per cent of all Australian barley exports.


Source: Daily Mail October 10, 2020 15:17 UTC



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