This is the Trilogy of Australian Trade Disaster.
Is this the final nail to the coffin for the trade debacle created by the Morrison government?
China raised the red wine tariff a few months ago accusing Australian dumping its wine, and now China has raised the tariff to 218%, which could cost Australia wine producers USD 1.2 billion annually.
Many people think that Australia is still doing well with exports, but are the figures current? It depends on how the accounting records are processed.
Although the red wines have been exported and recorded, the ships are still in the seas, and not unloaded. Goods have not been received and paid for, but are recorded as sold. The figures nay look good for the time being, but what what's next?
Thank you for reading.
