CHINA-AUSTRALIA TRADE WAR CONTINUES AS BEIJING AMENDS IRON ORE IMPORT RULES

China has imposed new customs inspection procedures on iron ore imports amid their trade war with Australia and this has again escalated trade tensions between the two countries. 
Previously China had imposed tariff of 80 percent on barley and had suspended some shipments carrying beef from abattoirs seeing it as retaliation for Australia’s call and support towards an inquiry into COVID-19 pandemic. This newly taken decision ....