Australia’s Trade Minister: Open to further discussions with China to resolve the issue

Dhwani Mehta FXStreet

Australian Trade Minister Dan Tehan appeals to the World Trade Organization (WTO) to establish a dispute settlement panel to address barley duties by China.

Australia open to further discussions with China to resolve the issue, Tehan said.

The Sino-Australian trade row dates back to May 2020 when Beijing imposed tariffs on Australian-grown barley, claiming farmers had dumped the grain in China for cheaper than it cost to produce.

Market reaction

AUD/USD meets fresh supply and heads towards 0.7700 as US dollar sees renewed buying interest ahead of the European open.

The spot now trades at 0.7723, down 0.23% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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