Precisely as forecast at MB, China’s trade war on Australia is really upon itself. Commodities are fungible and will always be shipped no matter what China does. It can preference its suppliers but cannot withdraw its demand from global markets so we will fill the supply gaps created by it shifting procurement elsewhere. New charts
The post It’s offical: Australia sets course for China divorce appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]