Why trade war with China couldn’t have come at worse time for our farmers

Why a trade war with China couldn’t have come at a worse time for our farmers as Beijing slaps 80% tariff on Australian barley

China imposed an 80 per cent tax on Australian barley imported to the nation 
Victorian farmers had been gearing up for a bumper crop after years of drought 
China is very large market for barley, shopping for greater than half of our 2018/19 crop 
One farmer mentioned Australia’s export value for barley had plunged in a single day 
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Barley farmers say China’s 80 per cent tax on produce imported from Australia couldn’t have come at a worse time.  
Victorian barley farmers say they had been on observe for a bumper winter crop this season after years of drought, however now have nowhere to promote their product.   
Barley, a key ingredient in beer, is an enormous import in China – the world’s largest beer-drinking nation.
The tariff imposed earlier in May is ‘payback’ for Australia’s push for a COVID-19 inquiry, in response to specialists.
Chinese President Xi Jinping has praised Victoria for signing a trade settlement whereas concurrently hitting Australian barley farmers with an 80 per cent tax 

Victorian barley farmers have mentioned they’re on observe for a bumper winter crop this season after years of drought however now have nowhere to promote their product 

David Drage a barley farmer from Warracknabeal in Victoria mentioned the transfer means farmers will wrestle to remain afloat. 
‘With the entire jap seaboard wanting at a great winter crop manufacturing, Victoria will probably be again to having near 1 million tonnes, doubtlessly $300 million price of barley to export to a world which will not need it,’ he informed The Age. 
Farmer Brent Sheahan, who has a property on the Avoca River in northern Victoria was within the technique of planting 1,200 hectares of barley when the tax hit. 
‘Overnight, the value dropped $50 a tonne,’ he mentioned. 
Another farmer mentioned that they had misplaced $100,000 in potential earnings in 24 hours. 
In 2018-19, China purchased greater than 60 per cent of Australia’s barley exports, in response to the Department of Agriculture. 
At about 2.5million tonnes that quantity greater than triples the following highest market of Japan which is carefully adopted by Thailand and Vietnam. 
While the tariff has been seen as a warning to Australia over calls for a global inquiry into the coronavirus pandemic, China has mentioned it’s due to Australia’s unfair trade practices. 
In November 2018, Beijing accused the Australian authorities of ‘dumping’ barley, a apply through which a rustic will export a commodity beneath market worth to chop out native producers. 
They additionally complained our farmers had been being unfairly subsidised within the type of drought help and the diesel gasoline rebate.  
Industry organisations in Australia have estimated China’s tariff transfer will value Australian barely growers about half a billion {dollars} a yr. 
While barley farmers will take the hit different producers have but to be affected – significantly in Victoria with the state pushing forward with its Belt and Road Initiative settlement with the Chinese authorities. 
The initiative is a non-legally binding settlement to mutually helpful trade, funding, and infrastructure. 
Victoria went forward with the settlement towards the place of the federal authorities and safety businesses. 
Liberal senator James Paterson, Nationals senator Matt Canavan, and Home Affairs Minister Peter Dutton have spoken out criticising the Victorian authorities. 
In 2018/19, China purchased greater than 60 per cent of Australia’s barley exports, in response to the Department of Agriculture 

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