News Snapshot:
In one respect, China’s hand had been forced. Australian and Chinese officials received late last month the WTO panel’s ruling on the case, which was due to be made public any day. By offering to do a review and gaining Australia’s acquiescence to pause the WTO challenge, China avoids a potentially adverse ruling. While coal was by far the biggest by dollar value of the commodities hit by China’s trade sanctions against $20 billion of Australian goods when the bilateral relationship soured, barley was highly symbolic. Any excuse to sit around the same table as the US, UK, France and...
