Trade tensions with China are ramping up, with Beijing reportedly delisting four Australian abattoirs. The regime imposed an import ban on four Australian abattoirs including three in Queensland and one in New South Wales - accounting for about 35 per cent of beef exports to China. The move comes days after China threatened to impose significant tariffs on Australian barley. The trade block is believed to be in retaliation to Australia’s push for an independent investigation into the origin of the coronavirus outbreak. Meanwhile, Treasurer Josh Frydenberg is set to lay down Australia’s financial road back from the coronavirus crisis in parliament today.
from World | Daily Telegraph https://ift.tt/3dDa5gE
Monday, May 11, 2020
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