Trade conflicts between the United States and China and Australia and China received new fuel as China imposed more tariffs on certain Australian goods and the U.S. added tariffs to Chinese twist ties.
China imposed antidumping tariffs on Australian wine[1] Nov. 27, reflecting the findings of a Chinese investigation into whether Australia was dumping cheap wine on the Chinese market. Australia has yet to impose tariffs on Chinese goods, but China has imposed barriers and tariffs on Australian beef, barley and coal imports following Australia’s call for an investigation into the source of the COVID-19 pandemic and Australian-led investigations into forced labor in Xinjiang province.
The U.S. alleges that China unfairly dumps twist ties[2] onto the U.S. market and therefore imposed tariffs of 122.5% on twist ties imported from China.