Let them eat steel, demands China

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The world’s most unpleasant nation, and the Albanese government’s best friend, has once again bared its fangs, not to mention its glass jaw.

China’s largest steel maker has accused Australian rival InfraBuild of making baseless and self-serving claims to convince the Albanese government that substantial tariffs are needed on imported construction products.

In attacking InfraBuild, state-owned China Baowu said restrictions on its products would breach World Trade Organisation rules. Not only is Baowu China’s largest steel maker, it is also one of the biggest customers for the iron ore shipped overseas by resources giants BHP and Rio Tinto.

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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.