This is a fallacy, the country's trade surplus has never been stronger.
The China trade war actually resulted in China being forced to import coal from Russia, Mongolia, Indonesia and lead to blackouts. Now China is increasing the size of its domestic coal mines and power plant fleets.
Australia has instead been selling its coal elsewhere and getting good money for it. The same for barley, beef, cotton etc. The only exports that have been marginally impaired has been rock lobsters and wine and even wine is picking back up.
China has only showed itself to be a bully and a weak one at that...
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