Economics
China Slaps Duties on Australian Barley as Tensions Escalate
- Australia’s push for probe into virus has angered Beijing
- Duties of 80.5% will apply to barley imports from May 19
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China slapped anti-dumping duties on Australian barley for five years as diplomatic tensions escalate between the two trading partners.
Australia’s biggest customer for the grain will impose an anti-dumping duty of 73.6% and an anti-subsidy duty of 6.9%, effective from May 19, according to a statement from China’s Ministry of Commerce late Monday. Industry groups are warning the measures will gut an export market worth A$1.4 billion ($898 million) in 2017.