China, Australia Face Difficult Diplomatic Road After Trade Spat

(Bloomberg) — The likely lifting of the final major tariffs on Australian products by China in coming weeks will conclude a bitter three-year trade war. That alone is unlikely to usher in a new era in relations between the two countries. Chinese Foreign Minister Wang Yi's first trip to Australia in seven years to meet with his counterpart Penny Wong in Canberra on Wednesday is the latest sign of a tentative improvement in ties. During his trip, Wang will attend the Australia-China Foreign and Strategic Dialogue, which was postponed for years during a diplomatic deep freeze. His visit comes just…