Futures Slide After China Punishes Australia Over Coronavirus Origin Probe, Bans 35% Of Beef Imports

As predicted, the slow march towards a rapidly escalating game of geopolitical football has begun, and it seems the Chinese ruling elite have decided to test the waters with their southern trading partner.

While President Trump escalates his rhetoric towards the Chinese government ahead of the November elections, it seems that the inevitable escalation of tensions is being kicked off by proxy, with China initiating tariffs and quasi-trade sanctions against a trading partner whom is terribly reliant upon their continued support. Read more………

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