Noosa News
Farmers fearful of China retaliation as Australia tears up Victoria’s Belt and Road deal
Farmers are not confident of a quick resolution to the trade dispute with China after the Commonwealth Government tore up Victoria’s Belt and Road deal with Beijing.
Key points:
- Farmers are worried China will retaliate over Australia’s decision to tear up the BRI deal with Victoria
- Australian winemakers are trying to find alternative markets after China imposed huge tariffs on imports
- The Australian grains industry is bracing for the fallout
Australia has been in a trade dispute with China for more than a year with major agricultural exports like barley, wine, meat, lobster, and last month hay all affected.
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