China, beef import
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Australian diplomats have delivered a message to China after the regional rival surrounded Taiwan in live-fire war games.
China has slapped a 55 per cent tariff on Australian beef imports that exceed quota levels in a shock overnight move set to cost our cattle business at least a billion dollars a year.
China and Australia hold the 5th Strategic Economic Dialogue via video link on December 19, 2025. Photo: National Development and Reform Commission. China and Australia held the 5
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China slams countries that criticised Taiwan drills as ‘irresponsible’
China staged live-fire drills around the island, launching missiles and deploying jets, ships and coastguard vessels, drawing criticism from Japan, Australia, Europe and others.
The Australian Dollar (AUD) inches higher against the US Dollar (USD), holding ground for the second successive session. Volumes are expected to be thin due to the New Year's holiday in Australia.