How Is Australia Emerging Through The Changing Landscape Of Trade Between The US And China?
Relations between the global super powers – the U.S. and China have deteriorated over trade barriers and South China sea war. This turns out to be dangerous for Australian equation with both its ally economies, considering Aussie’s stand on many occasions, against China’s use of coercion and aggression in cold war situation with US. There has been a rising trade related dispute between the US and China slapping series of imports tariffs on each other. US has been accusing Chinese counterparts over rising trade imbalances, unfair trade practices, rusted international agreement, infringement of intellectual property rights, US technology theft and non- tariff barriers insulating critical sectors from foreign competition. It was just lately when a deal has been struck between two global giants facing a growing squabble over trade disputes, wherein US tariffs would remain unchanged at 10% for 90 days to be able to reach to a trade agreement before raising it to 25%. Also, the tension over the last several years, between the two nations regarding South China Sea’s access and dominance is not hidden from the world. US is in cold war with China over latter’s militarization over the sea and has a keen eye over sea’s rich oil & petroleum resource, economic interests as well as naval dominance. Click Here To Get Know More Read the full article














