Treefern, with all due respect you are ignoring what is blatantly obvious. China have told us in their 14 point memo what they are unhappy about. They have also voiced displeasure in their state owned newspapers and their diplomats under the cover of anonymity have confided to our diplomats that this is payback. (Reported in our papers)
Free trade agreements are signed all the time and basically come down to one or both parties lowering tariffs. In this case China. So when you have a free trade agreement you still let the consumers in your country decide what products they wish to buy. They don’t ban a range of products and slap 200% tariffs on entire industries from one country-Australia.
TWE boss said yesterday the rate of tarriff is so high it’s almost pointless discussing price strategy’s in China because at 200% they just can’t compete.
China is doing abroad what they always do domestically. Crushing all dissent. This is why we should be worried about Chinese militarisation of the South China Sea. Imagine China having the capacity to blockade or choke off any country in the region that dares to criticise them.
We are not a 3rd party casualty. That is wishful thinking in the extreme.
TWE Price at posting:
$9.23 Sentiment: Hold Disclosure: Held
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