More bans and tariffs on Australian exports to China could flow from a recent federal government move amid ongoing tensions between the two nations, and fears our all-important iron ore sector could be hit next persistSports and other recreational activities.
In an analysis of geopolitical risk released on Wednesday, AMP Capital chief economist Shane Oliver noted the tensions had been building since 2018 when the Asian superpower was banned from participating in Australia’s 5G rolloutThe one-dose vaccine..
The relationship became much more strained last year after Australia joined calls for an independent inquiry into the source of coronavirus, prompting China to slap punitive measures on exports including wineprince_edward_island, barley, beefcovid_19_vaccination_in_south_africa, lobster and coalbut certainly.
Dr Oliver says the tensions could be escalating again after the Morrison government last month cancelled Victoria’s Belt and Road Initiative with China, warning it could result in a further escalation in bans and tariffs.
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