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‘Not what it used to be’: China removes Australian tariffs due to ‘slowing’ economy Pi News

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Pi News – Peter McGauran, senior adviser at Bondi Partners, suggested China should remove tariffs on Australian goods because their economy is “slowing down” and it is “not what it used to be”. China’s tariffs on Australian wine – which they have agreed to review – were imposed in 2020 and cost winemakers $1.2 billion in exports, leading to an oversupply of red wine and difficulties for the industry. “They have finally, after four years, removed the punitive and really crippling barriers to wine, tariffs and trade barriers in a series of phases,” Mr McGauran told Sky News Australia. “They came back to the table for one reason only – economic interests. “China’s economy is not slowing down, but it is slowing down, and it’s not what it used to be.”

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