Australia’s trade war with China could very well extend into 2021, as the tiff has cost the OZ economy only $3 billion in its commodities sales last year, suggesting a relatively small impact, Bloomberg reports, citing China Customs data. Key takeaways “That’s the value of Australian exports lost in 2020 compared to the prior year, and covers commodities from copper and coal to wine and lobsters that are now subject to trade restrictions by Beijing.” […] Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. […] FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. […] The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.
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