In exchange, Beijing has agreed to buy $US200 billion ($289 billion) of American products over two years, including:
- $US50 billion in agricultural products
- $US75 billion in manufacturing products
- $US50 billion in energy supplies
If China delivers on its promise to buy goods in this quantity from America, it will most likely lead to what trade experts call "consumption diversion".Put simply, China will buy more of its goods from America, potentially reducing what it buys from Australia
https://www.abc.net.au/news/2020-01-16/us-china-trade-deal-could-hurt-australia/11872536
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- trade deal is very bad for Australia
trade deal is very bad for Australia
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