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Zero Hedge Australia On Edge Over “Deeply Troubling” Reports China Placed Import Bans On 7 Commodities

Summary:
Australia says it's continuing to monitor what top officials have said are "deeply troubling" signs that China is actively initiating trade disruptions as retaliation amid downward spiraling relations between the two major trade partners.Since last week regional reports have said Chinese buyers were warned by Beijing not to purchase seven categories of Australian goods, which has set Canberra and firms across the continent on edge given China is recipient of nearly one-third of all Australian exports....Zero HedgeAustralia On Edge Over "Deeply Troubling" Reports China Placed Import Bans On 7 CommoditiesTyler Durden

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Australia says it's continuing to monitor what top officials have said are "deeply troubling" signs that China is actively initiating trade disruptions as retaliation amid downward spiraling relations between the two major trade partners.

Since last week regional reports have said Chinese buyers were warned by Beijing not to purchase seven categories of Australian goods, which has set Canberra and firms across the continent on edge given China is recipient of nearly one-third of all Australian exports....

Zero Hedge
Australia On Edge Over "Deeply Troubling" Reports China Placed Import Bans On 7 Commodities
Tyler Durden

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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