Between 2020 and last year, as China found in trade disputes with Australia, no one won the trade war, and the United States was most likely to be discovered in its TIT-TAT tariff exchange with Mexico and Canada.
The situation of Australia's voicing China is shrouded in the anger that China is accused of the common 19 major popularity, which is a mirror of what happened in the United States to Canada and Mexico.
Two ways of trade fluctuate
Getty
The difference between the current outbreak of trade tensions is that the country involved is long -term friends.
In Australia, there is a depleted history and a history of incompatibility, which makes the dispute with the David V giant of China is expected to scare Australia to obey.
It did not do this. Although in some parts of the Australian economy, China found two Australian exports, and Australian exporters can soon open a new market for Australia's products that are prohibited in China.
Iron ore and coal are essential to the Chinese steel industry and cannot be replaced successfully. Iron ore is due to the global marine supply in Australia and Brazil in the two countries. Coal, especially high -level metallurgy (steel) coal, is Australian specialty.
New customer
Other countries have snapped up other exports to China prohibit or undergo high tariff attacks. Mexico purchased stock feed and beer production of barley in Australia. Egypt and Saudi Arabia snatched Australian wheat, while Japan and Hong Kong rejected wine and lobster.
Urgent, during the trade war, most Australian wines and lobster landed in Hong Kong and across the border into mainland China.
Coal has also become a re -transported product. Pakistan suddenly became an important importer of Australian coal. Traders immediately re -reposted it to Chinese customers.
During the trade war with China, Australian coal was redirected. (SAEED Khan AFP is taken by getty Elastic [+]
Agence France -Presse through Getty image
The Canadian economy is part of the United States, but exporters there are likely to review the subdivision of how Australian companies manage trade relations with Chinese trade. This not only survives, but also appears with new customers.
It may bring some inconveniences to the rewriting of Canadian oil to the global market, but Australia has discovered the method of defeating coal in China.
Due to the comprehensive nature of the assembly process, trucks and cars assembled on both sides of the Canadian/US border will be a challenge for two countries.
What may be found in Canada's business is that after the short -term pain of the country's main customers with punitive tariffs, Europe and the United Kingdom will open many new markets. These markets have a deep connection with Canada, and China will absorb China Canada oil.
Over time, just like China complained to China, both sides will realize that they have found nothing, but raised costs for everyone.
