China Sues Australia Over Trade Barriers

The video discusses the ongoing trade tensions between China and Australia, focusing on tariffs and WTO disputes. It highlights the impact on Australian lobster exports, with Hong Kong becoming a major importer. The video also covers press freedom issues in Hong Kong, with President Biden criticizing actions against Apple Daily. Finally, it touches on the US's strategy to build alliances to counter China in trade policy.

What triggered the trade tensions between China and Australia?

• Australia's tariffs on Chinese electronics

• China's ban on Australian beef

• China's demand for Australian coal

• Australia's call for a COVID-19 origin probe

How has the Australian lobster market been affected by the trade tensions?

• Increased exports to the US

• Hong Kong becoming a major importer

• Decreased demand in Europe

• Higher prices in Australia

What is the main reason for the increase in Australian lobster exports to Hong Kong?

• New trade agreement with Hong Kong

• Gray trade area allowing cross-border trade

• Increased demand in Hong Kong

• Improved quality of Australian lobsters

What action did President Biden criticize regarding press freedoms in Hong Kong?

• Closure of Apple Daily

• Ban on foreign journalists

• Censorship of social media

• Restrictions on internet access

What strategy is the US employing to counter China's influence?

• Increasing tariffs on Chinese goods

• Reducing trade with Asia

• Building alliances with US allies

• Investing in Chinese technology