Business
Best of the business week: China strikes again; A November to remember on ASX; Bega’s new era – Sydney Morning Herald
Diplomatic tensions between Australia and China have been escalating for months and on Friday Beijing struck again with 200 per cent tariffs on Australian wine;…
In retaliation, China has targeted a range of Australian export industries with sanctions. They have mostly been soft commodities exports, but coal has been in the firing line and there is a belief copper could be next. Importantly, the business sector is broadly supportive of the government’s approach to stand up to China on matters of principle.
The one industry China is yet to touch, though, is iron ore. If it were to do so, the relative calm about the situation in corporate Australia would surely…
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