Australia 'naïve' to think China won't ban iron ore

The Motley Fool’s Scott Phillips says Australia would be naïve to assume China won’t block iron ore exports.

Trade tensions between the two countries have been intensifying with China blocking Australian exports of key products such as lobsters, wine, coal and barley.

“The general consensus is that China won’t because they need our iron ore too much,” Mr Phillips told Sky News.

“I dare say that might be a little bit too optimistic.”

Видео Australia 'naïve' to think China won't ban iron ore канала Sky News Australia