China / Australia: Unbalanced commercial arm
Beijing is multiplying economic offensives against Canberra.
After increasing tariffs on many products from Australia (coal, wood, copper, beef, barley, seafood, etc.), China pushed the stopper a little further on Friday by announcing the imposition of the temporary anti-dumping duties ranging from 107.1 to 212.1% imports of Australian wines.
The cut is full for the Australian Government, which intends to refer to the World Trade Organization (WTO): if the measure put in place by China is deemed unfair, Australia could obtain the right to impose duties on similar taxes on Chinese products.
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