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MacroBusiness Access Subscriber Only Content at 9:40 am on April 8, 2021 | 28 comments Precisely as forecast at MB, China’s trade war on Australia is really upon itself. Commodities are fungible and will always be shipped no matter what China does. It can preference its suppliers but cannot withdraw its demand from global markets so we will fill the supply gaps created by it shifting procurement elsewhere. New charts from the Lowy Institute: Moreover, the divorce proceedings are now official. The one policy that the Morrison Government has right: Australian exporters hit by sanctions have largely rebalanced their exports elsewhere. This includes all affected commodities.

Australian capital territoryDan tehanCanberra embassyLowy instituteTeam australiaMorrison governmentChina asiaTrade minister danஆஸ்திரேலிய மூலதனம் பிரதேசம்கான்பெரா தூதரகம்தாழ்வான நிறுவனம்அணி ஆஸ்திரேலியாமோரிசன் அரசுசீனா ஆசியாவர்த்தகம் அமைச்சர் டான்