China’s proposed 80 per cent tax on barley would destroy China-Aus trade entirely
Grain Producers Australia Chairman Andrew Weidemann has told Sky News the 80 per cent tariff on barley threatened by the Communist China government would effectively “stop the barley trade” between the two countries entirely.
On Monday, China gave Australia an ultimatum, threatening tariffs up to 80 per cent on grain if the federal government does not respond to allegations of "barley dumping" in 10 days, in an escalation of trade tensions between the two sovereign nations.
The prime minister said a Chinese government review into the alleged ‘dumping’ of Australian barley into the Chinese market has been “going on for 18 months” and refused to link the threat with Australia’s call for an independent inquiry into the coronavirus outbreak.
Mr Weidemann says the tariff would make it “too expensive in terms of the actual purchasing price” from China back into Australian growers.
He said an 80 per cent tariff on 200 dollars a ton of barley would see a mere 40 dollars go back to the grower which “wouldn’t be enough to make it worthwhile”.
“Even a 20 per cent tariff or the like would be enough to stop trade essentially between our two countries”.
Mr Weidemann said China has grown over the last decade to be “our biggest barley buyer and user of our product” and the tariff would definitely shut down the $2 billion a year trading relationship.
Image: News Corp Australia
Видео China’s proposed 80 per cent tax on barley would destroy China-Aus trade entirely канала Sky News Australia
On Monday, China gave Australia an ultimatum, threatening tariffs up to 80 per cent on grain if the federal government does not respond to allegations of "barley dumping" in 10 days, in an escalation of trade tensions between the two sovereign nations.
The prime minister said a Chinese government review into the alleged ‘dumping’ of Australian barley into the Chinese market has been “going on for 18 months” and refused to link the threat with Australia’s call for an independent inquiry into the coronavirus outbreak.
Mr Weidemann says the tariff would make it “too expensive in terms of the actual purchasing price” from China back into Australian growers.
He said an 80 per cent tariff on 200 dollars a ton of barley would see a mere 40 dollars go back to the grower which “wouldn’t be enough to make it worthwhile”.
“Even a 20 per cent tariff or the like would be enough to stop trade essentially between our two countries”.
Mr Weidemann said China has grown over the last decade to be “our biggest barley buyer and user of our product” and the tariff would definitely shut down the $2 billion a year trading relationship.
Image: News Corp Australia
Видео China’s proposed 80 per cent tax on barley would destroy China-Aus trade entirely канала Sky News Australia
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
![Understanding the rise of China | Martin Jacques](https://i.ytimg.com/vi/imhUmLtlZpw/default.jpg)
![وين اختفوا مسلمين الصين ؟ الإيغور](https://i.ytimg.com/vi/7ikLe591aEI/default.jpg)
![Massive buildup along LAC by Chinese troops; military option back on table](https://i.ytimg.com/vi/o6atEjEvUSI/default.jpg)
![Can China become a military superpower? | Inside Story](https://i.ytimg.com/vi/OEAwszKIIto/default.jpg)
![Interference: China’s covert political influence campaign in Australia | Four Corners](https://i.ytimg.com/vi/7T_Lu1S0sII/default.jpg)
![صنعت آيفون بنفسي في الصين !!](https://i.ytimg.com/vi/eCu9BaTDfng/default.jpg)
![Has China Won?](https://i.ytimg.com/vi/li6xcTsVPB4/default.jpg)
![Australia should threaten China with taking back Port of Darwin: Christensen](https://i.ytimg.com/vi/qqOa4jJMwao/default.jpg)
![Big, complex geo-strategic jigsaw behind Chinese moves in Ladakh. Hint: look way beyond US or Quad](https://i.ytimg.com/vi/P-iekZFQ6-Y/default.jpg)
![A warning to Australia: do not to underestimate China's 'end game' | 60 Minutes Australia](https://i.ytimg.com/vi/XG33L-H4jfQ/default.jpg)
![Australia needs to stop its trade 'dependency' on China](https://i.ytimg.com/vi/1pXlu1hZ2Po/default.jpg)
![Has China Won? | Kishore Mahbubani | John Mearsheimer | Tom Switzer](https://i.ytimg.com/vi/ZnkC7GXmLdo/default.jpg)
![Chinese newspaper labels Australia 'a giant kangaroo that serves as a dog to the US'](https://i.ytimg.com/vi/FmPg21TgjFI/default.jpg)
![Tibetan PM In Exile, Lobsang Sangay Speaks Exclusive On India-China Standoff](https://i.ytimg.com/vi/P5gJSfIjMzc/default.jpg)
![The Insane Chinese Plan to Build a Canal Across Nicaragua](https://i.ytimg.com/vi/fAfHtaRcTXc/default.jpg)
![Chinese and Australians Experts face to face in debate](https://i.ytimg.com/vi/92pfHk6FGfQ/default.jpg)
![Is China facing a global backlash against coronavirus? | Inside Story](https://i.ytimg.com/vi/SPWiUJzyYno/default.jpg)
![Coronavirus: China impose tax hike for over coronavirus inquiry call | Nine News Australia](https://i.ytimg.com/vi/uOq7kd96Aqo/default.jpg)
![It is ‘frightening how compromised our leaders are’ when it comes to communist China](https://i.ytimg.com/vi/OSBrbFXC4rw/default.jpg)
![China’s great civilisation is now ‘in the hands of thugs and gangsters’: Bolt](https://i.ytimg.com/vi/mfQpQqZZITw/default.jpg)