China Scraps Australian Barley Tariffs as Trade Relations Thaw

  • Beijing cites changes in local barley market for the move
  • Treasury Wine jumps on hopes China will lift wine tariffs
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China will scrap import tariffs on Australian barley from Aug. 5 in the latest sign of improving ties between the two countries.

The commerce ministry said it’s no longer necessary to continue imposing anti-dumping and anti-subsidy tariffs on Australian barley following changes in the Chinese market, according to a statementBloomberg Terminal Friday.