The Chinese economy needs trade with other Countries
However, Australia represents 2/5 of 5/8 of FA regarding world trade etc so is a small plaything that China can try and manipulate; they may succeed unfortunately as our Government has got nothing between its legs
Notice they haven't put a tariff on iron ore though; they of course need that and if they put any form of tariff/restriction on that it would prove very expensive for them
Any company who becomes too reliant on one source of income deserves what it gets; I agree TWE's margins are quite high in China; maybe they got a bit too greedy.
I am a TWE fan; and if the Board are smart they will expand adapt and improve their market share in other countries eg India
TWE Price at posting:
$9.23 Sentiment: Buy Disclosure: Held
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