China + Australia trade ties improve

China and Australia take more steps to revive trade relations: China has agreed to review over the next few months the c.80% tariffs it has imposed on Australian barley, and Australia will temporarily suspend a formal complaint it had filed with the WTO against China, Australia’s Foreign Minister Penny Wong said at a press conference, according to Reuters. Tensions between the two sides had escalated in 2020 after Australia questioned the origins of COVID, giving way to Beijing’s trade reprisals, which included anti-dumping duties on Australian wine and barley.