In May this year, as the world dealt with the spectrum of horror that the pandemic brought with it, we also witnessed the slow degeneration of the China-Australian trade relationship. China has historically been Australia’s number one export market, accounting for about 25% of total Australian exports. Then Covid-19 happened and the world changed. China, on May 19th placed a tariff of a whopping 80.5% on Australian barley, only days after having banned beef exports from four Australian exporters. The …
To Play or Not to Play: A Game Theoretic Analysis of Trade WarRead More »
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