Ignore Angry China, it can’t hurt Aussie trade

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Via the AFR:

The Morrison government will encourage barley producers to diversify their markets more than they are already doing in anticipation Beijing will carry out its threat to impose tariffs of 80 per cent on imports from Australia.

Barley exports to China have declined from $1.5 billion a year in 2017 to $600 million in recent years as exporters found more reliable markets, as well as the drought leaving less grain for export.

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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.