General
Australian honey, fruit, dairy and vitamin producers on ‘high alert’ over China tariffs threat, report says
As relations between China and Australia hit their lowest point in over half a century, industries including honey, fruit, dairy and vitamins producers could be next in line to be hit with tariffs, according to research firm IBIS World.
Key points:
- Research firm IBISWorld predicts iron ore exports will stay safe, but more agricultural industries could be hit with tariffs
- If China continues to slap Aussie industries with tariffs, there will need to be greater government subsides and international support, IBISWorld says
- Australian vitamin supplements account for more than a fifth of all Chinese vitamin imports
In recent months, China has been slapping tariffs on a range of goods and services from Australia, creating havoc for local…
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