Beijing/Canberra | A trade war between the world’s two biggest economies has officially erupted after Beijing hit back at the US with tit-for-tat tariffs, rocking markets and heightening fears of a global rush to protectionism.
Australian officials are monitoring the fallout, with concerns the tariffs on China could hurt its faltering economy and lead to a slowdown in demand for Australian commodities, such as iron ore.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
