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Worries China’s trade war could hit Aussie iron ore persist after Morrison government cans Victoria’s Belt and Road Initiative – NEWS.com.au

Worries China’s trade war could hit Aussie iron ore persist after Morrison government cans Victoria’s Belt and Road Initiative

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More bans and tariffs on Australian exports to China could flow from a recent federal government move amid ongoing tensions between the two nations, and fears our all-important iron ore sector could be hit next persist.In an analysis of geopolitical risk released on Wednesday, AMP Capital chief economist Shane Oliver noted the tensions had been building since 2018 when the Asian superpower was banned from participating in Australia’s 5G rollout.
The relationship became much more strained last year…

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