Question
In: Economics
"Beijing charged Australia a heavy penalty for Australian Prime Minister's support on Trump's Covid-19 comment. China...
"Beijing charged Australia a heavy penalty for Australian Prime Minister's support on Trump's Covid-19 comment. China imposed 80.5 percent tariff on Australi's barley export. Three quarters of Australian exports were to China. Australi, which is the number one barley supplier of China, was exporting 1.5-2 billions dollars worth of barley here and this accounted for half of all of their export. Chinese Minister of Commerce declared that the tax will stand for the next 5 years."
When determining the tariff, how China should use the fact that it is a big country and it has the power to effect the barley price in the world?
Solutions
Rahul Sunny answered 8 months agoRelated Solutions
"Beijing charged Australia a heavy penalty for Australian Prime Minister's support on Trump's Covid-19 comment. China...
"Beijing charged Australia a heavy penalty for Australian Prime
Minister's support on Trump's Covid-19 comment. China imposed 80.5
percent tariff on Australi's barley export. Three quarters of
Australian exports were to China. Australi, which is the number one
barley supplier of China, was exporting 1.5-2 billions dollars
worth of barley here and this accounted for half of all of their
export. Chinese Minister of Commerce declared that the tax will
stand for the next 5 years."
Some News
1) Show...
Impact of COVID 19 on the Australian economy Reserve Bank of Australia (2020) Statement on Monetary...
Impact of COVID 19 on the Australian
economy
Reserve Bank of Australia (2020) Statement on
Monetary Policy, Economic outlook.
The outlook for the Australian and global economies is being
driven by the COVID-19 pandemic. The necessary social distancing
restrictions and other containment measures that have been in place
to control the virus have resulted in a significant contraction in
economic activity, but economic conditions will improve as the
pandemic is brought under control and containment measures are
relaxed.
Global GDP...
In response to the COVID-19 pandemic, Australian government implements numerous policies to provide economic support to the Australian economy.
CONTEMPORARY ISSUES IN FM1) In response to the COVID-19 pandemic, Australian government
implements numerous policies to provide economic support to the
Australian economy. Briefly discuss the role played by the
Australian government to rescue the economy.2) On April 7th, 2020, Fitch Ratings Inc. downgrades Australia's
four biggest banks credit ratings. How does this affect borrowers,
lenders, and financial institutions? What are the implications of
this downgrade to the health of the financial system?
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