More trade deal panic for Australia

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More trade deal panic today:

Australian energy and agricultural exporters face a hit to their multi-billion-dollar Chinese market from the trade deal signed ­between the US and Beijing that sparked a worldwide share rally and pushed the Australian bourse to a record.

…Commonwealth Bank commodity analyst Vivek Dhar predicted up to 10 per cent of $50bn worth of LNG exports could be lost to US competitors.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.