China’s stupid trade war delivers itself another shock

The China trade war on Australia is not going at all well. Iron ore is trading on a vast geopolitical premium. Damaged commodity trade flows have been redirected to other nations with a minimum of fuss. Australia’s current account surplus has skyrocketed to records.

Based on outcomes so far, it’s the best thing to ever happen to Australia.

Now we can add one more feature of failure for China: coal:

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