The same day, China imposes an 80 per cent tariff on Australian barley. CHINA has sparked fears of a global trade war after imposing an extraordinary 80 per cent tariff on Australian barley exports. Australia will launch a formal appeal to the World Trade Organization (WTO) later on Wednesday seeking a review of China's decision to impose hefty tariffs on imports of Australian barley, Minister for Trade Simon Birmingham said. There is a lot at stake here, and New Zealand will want to pay close attention because of the wider ramifications. China's 80% tariff on barley - imposed in May - was the first Australian agricultural export to be sanctioned this year, and came after Chinese trade officials alleged illegal dumping practices. He said: “This is the logical and appropriate next step for Australia to take. The duties could cost Australian … The grain is among a growing number of commodities that China has targeted as bilateral relations plumb new depths. Therefore, it is not a matter of surprise that huge losses have been predicted for the Australian Barley market. In addition to 80 percent duties on barley, China has imposed tariffs of more than 200 percent on Australian wine as well as imposing restrictions on Australian exports of beef, lamb, cotton, lobsters, timber and coal. Australia launched a formal appeal to the World Trade Organization (WTO) on Wednesday seeking a review of China's decision to impose hefty tariffs on imports of Australian barley. Australian Minister for Trade Simon Birmingham did admit the appeal may take years to be resolved. Australia's barley exports to China had been worth around US$1 billion a year before a recent drought, used most notably used in brewing. Australia will take China to the independent trading umpire over tariffs slapped on Australian barley. Australia says it may challenge this at the WTO. In 2016-17, Australian Barley exports to China went as high as 6 million tonnes. Australia says it may challenge this at the WTO. China placed a combined 80.5 per cent tariff on Australian barley imports in May after an 18-month investigation; Trade minister Simon Birmingham confirmed that Australia … Birmingham said Australia would formally ask … It comes after Scott Morrison, the Australian … China effectively ended imports of Australian barley in May by putting tariffs of more than 80% on the crop, accusing Australia of breaching WTO rules by subsidizing barley production and selling the grain in China at below production cost. Australia will now challenge China’s tariff on its barley exports in an appeal to the World Trade Organization (WTO). If the consultation process over the next few months fails, a panel will be created to rule on the matter. Beijing claims the tariffs are needed because Australia has been selling barley below the cost of production in a practice known as dumping, which Canberra denies. Australia says it may challenge this at the WTO. China is the Australian barley growers’ largest market. China has put punitive tariffs of more than 80% on barley imports from Australia as more than 110 countries backed a push for an international … China took retaliatory actions against a range of Australian export sectors, including imposing tariffs on barley and wine and placing informal bans on Australian cotton and coal. Australia will ask the World Trade Organisation (WTO) to intervene in its dispute with China over barley and expects other nations to become involved in the case, the country’s trade minister said on Wednesday. China makes up a whopping 30.6% of Australia’s top … The Chinese measures affect Australian industries that had 2019 exports to China of 47.7 billion Australian dollars, or around €30 billion. Australia's barley exports to China had been worth around US$1 billion a year before a recent drought, and are used most notably in beer-making. The tariffs have been imposed by China for five years, and Canberra wants to approach the World Trade Organisation (WTO) to appeal against the Chinese tariffs. China Slaps Duties on Australian Barley as Tensions Escalate Bloomberg News, May 18, 2020, 9:09 AM EDT Australia’s push for probe into virus has angered Beijing Duties of … Australia says it may challenge this at the WTO. China has imposed a massive 80 per cent tariff on Australian barley imports from today, saying the product has been imported against trade rules. China's imports of Australia's barley crop averagely worth about 1.2 billion Australian dollars ($904 million) a year between 2014–15 and 2018–19, according to the Australian Bureau of Agricultural and Resource Economics and Sciences . China hit Australian barley with tariffs of over 80pc in May after accusing the country of dumping the grain and subsidising its growers. Since China erected a 80.5% tariff barrier against Australian barley, 300,000 metric tons (330,000 U.S. tons) of the crop have been delivered to China to fulfill preexisting orders. Australia's largest independent coal producer, Whitehaven Coal, decided years ago to steer clear of exporting to China – a market that didn’t demand its particular brand of product. The value of Australian exports to China has doubled, from AU$75 billion to $150 billion in five years. The grain is among a growing number of commodities that China has targeted as bilateral relations plumb new depths. China is the Australian barley growers’ largest market. Australia has now taken its concerns to the World Trade Organisation (WTO), with barley seen as the best case (although other products may follow). The same day, China imposes an 80 per cent tariff on Australian barley. Global Trade war after imposing an extraordinary 80 per cent tariff on its exports... 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