Australian barley tariffs to be scrapped by China after long-running trade dispute

News Snapshot:

China has agreed to drop 80 per cent tariffs on Australian barley. The tariffs were introduced in May 2020 after Beijing accused Australia of selling the grain below the cost of production and subsidising farmers. The tariffs set off a trade war between the two nations and were widely considered to be a form of retaliation for Australia’s call for an inquiry into the origins of COVID-19. Australia referred China to the World Trade Organization over the tariffs in December 2020 but suspended the appeal earlier this year when Beijing agreed to review the tariffs. Trade Minister Don Farrell and...