China has suspended imports from four Australian abattoirs? | Market Update

May 12, 2020 12:00 PM AEST | By Team Kalkine Media

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China has suspended imports from four Australian abattoirs in an escalation of trade tensions between the two nations. The suspension comes days after China announced plans to slap an 80 percent tariff on Australian barley. China is Australia's number one market for beef by volume, with exports worth more than $3 billion a year. The Australian Meat Industry Council has put the suspension down to labeling issues. Diplomatic relations between Australia and China have rapidly deteriorated after Prime Minister Scott Morrison began pushing for a global inquiry into the origins of the coronavirus.

#chinaaustraliatrade #australia2020

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