The United States vows to work with Australia to oppose China’s ‘unfair’ trade practices
Economy

The United States vows to work with Australia to oppose China’s ‘unfair’ trade practices

The Biden administration vowed that they have “Australia’s back” to push back against China’s “unfair” trade practices. The Morrison government seeks international support on Australian wine to fight against Beijing’s tariffs.  Australia is yet to receive the request to join the consultation on the more recently launched challenge against China’s tariffs on Australian wine.

European Union is also set to join the third party if the dispute between Australia and China moves to another level at the World Trade Organization. Australia has larger trade litigation specialists according to the trade experts. The dispute seems to be more complicated than just the tariff fight. If this case remains, Australia stands to gain an advantage from the involvement of the European Union and the United States Of America.

For imposing hefty tariffs on Australian barley the EU, US, United Kingdom and Japan have already joined the WTO case as the third parties. Beijing’s relationship with Australia deteriorated last year as a series of trade actions were taken by them. China’s claims were denied by the Australian government about the “dumping” of products at low cost on the Chinese market and propping up the sectors with unfair subsidies.