Roosting chorus: China slaps Australia
Big new tariffs put on Australian wine exports to China; Trump agrees he'll go if the electoral college says Biden won; Fletchers and Bunnings see 5-6% rise in timber prices on DIY boom
TLDR: Australia’s increasingly fractious relationship with China has cost another of its export sector’s dearly. China slapped 100%-plus tariffs on Australian win imports today, adding to blockages and tariffs on Australian coal, barley and sugar imports.
The move may help New Zealand’s wine exporters in the short term. They reported a record $2b of expo…
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