Breitbart London | breitbart.com
Biting new Chinese trade tariffs have stoked fears that Australia’s virus-weakened economy is being targeted for political retribution and the two countries may be sliding into a shadow trade war.
Since Canberra pointedly demanded an investigation into the origins and spread of the coronavirus, the number of Aussie businesses being squeezed in China has exploded.
Crates of Australian rock lobsters have been left to rot at a Chinese airport, and mountains of coal have been stuck in Chinese ports.
On Friday, Beijing turned the screw again, hitting Australian wine exports with punitive tariffs of up to 212 percent, essentially closing off a US$1 billion market.