How much is China's trade war really costing Australia?

Fresh analysis shows disrupted exports could be worth up to $19bn a year, but many effects won’t be seen until the pandemic ends

China’s widening trade actions against Australia have disrupted exports worth up to $19bn a year, according to new analysis, sparking calls for the Morrison government to seek a reset in the relationship to forestall further economic pain.

On top of the hit to the barley, beef, cotton, coal and wine sectors, an additional $28bn worth of services exports could be at risk if Beijing’s warnings to its citizens against travel to Australia – based on claims of an elevated risk of racist attacks – prevents a post-Covid recovery in tourism and international education.

Continue reading...

from World news | The Guardian https://ift.tt/2HKL2xe
via Whole story