Australia should brace for a Chinese counter strike after the Federal Government scrapped Victoria's contro...
www.9news.com.au
Lowy Institute lead economist Roland Rajah said that China is likely to retaliate on the trade and diplomatic fronts, but its courses of action were limited.
"It has a range of options including trade and diplomatic ones. China has already targeted quite an extensive range of Australian industrial and agricultural products so much so that is running out of possible hits."
China - which imports 60 per cent of its iron ore from Australia - is looking at sourcing supplies of the s...
www.9news.com.au
Australian iron ore exports have to date been spared the trade sanctions by China that were slapped on other products, such as the tariffs on barley and wine. Analysts suggested this is because there are few alternatives at the moment.
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