China Reinstates Tariffs on Coal Imports

The video discusses China's new tariffs on coal, impacting Australian coal exports. Australia supplies a significant portion of China's coal imports, and the tariffs aim to protect China's struggling coal industry. The Australian response has been negative, with calls for government intervention. The tariffs add complexity to ongoing free trade agreement negotiations between China and Australia, highlighting the importance of such agreements. Indonesia benefits from its existing FTA with China, avoiding tariffs on its coal exports.

What percentage tariff did China impose on low-grade thermal coal?

• 12%

• 9%

• 6%

• 3%

Why is the new tariff system seen as unfavorable for Australian coal miners?

• It forces them to lower coal quality.

• It reduces their market share in China.

• It increases their export costs.

• It mandates new environmental regulations.

What has the Minerals Council of Australia urged the government to do in response to the tariffs?

• Implement stricter mining regulations.

• Seek new markets in Europe.

• Negotiate a reversal with China.

• Increase coal production.

How long have the free trade agreement negotiations between China and Australia been ongoing?

• 11 years

• 5 years

• 9 years

• 7 years

Which country benefits from a free trade agreement with China, avoiding tariffs on coal exports?

• Indonesia

• South Korea

• India

• Japan