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Why Aussie exporters won't be toasting China or the US


Why Aussie exporters won’t be toasting China or the US
Australian-produced wine on the shelf in Beijing in December (Noel Celis/AFP via Getty Images)
Published
25 Feb 2021 15:30  
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Lock the doors
When the China trade numbers were released on Tuesday, you could hardly blame Australia’s 2500 winemakers if they locked themselves in the cellar with a nice bottle of red.
They certainly have plenty to drink. Only three months ago, Chinese customers drank 50% of Australian red wine exports. But by January, that was down to 1%, thanks to China’s tariffs of 200% or more on Australian wine.
So, this month’s wine salesman of the month award must surely go to Tim Ford, the chief executive of the biggest Australian wine exporter to China – Treasury Wine Estates. ....

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China Trade Tactics Will Backfire: Expert


China Trade Tactics Will Backfire: Expert
China could live to regret its economic trade tactics against Australia, an expert warns, as the trade dispute between the two countries plummets to new lows with further bans on Australian products expected.
Prof. James Laurenceson, a China expert from the University of Technology Sydney, has said there is no question that the more restrictions the Chinese regime imposes onto Australian exports the more risks Beijing injects into trade ties with Australia.
“In the longer term, it generates the exact opposite outcome to what the country inflicting the punishment might be hoping for,” Laurenceson said.”This is why disrupting trade is so counter-productive whether its China, the US, or any other country doing the disrupting.” ....

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