China has unleashed a range of trade sanctions on Australia. Australian barley was hit with punitive tariffs of up to 80 per cent in June and more recently lobster from Australia has been left to rot as it waited to be inspected for quarantine. The latest casualty is Australian wine, now facing import duties of up to 212 per cent, affecting what is an AU$1.3 billion (US$900 million) a year market.
Read Full Article »
