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.
There is concern that this latest decision by the federal government could mean more restrictions will be placed on Australian…
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