icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Trump tries to corner Beijing… but what does Australian wine have to do with it? RT’s Boom Bust finds out

Trump tries to corner Beijing… but what does Australian wine have to do with it? RT’s Boom Bust finds out
While the Donald Trump presidency may be ending, his administration is still taking hard-line measures to derail the Chinese economy. Now, over Australian wine imports.

Earlier this year, Chinese authorities launched an anti-dumping probe into Australian wine imports, citing an alleged “injury to the domestic industry.” The step came as Chinese wine merchants accused the Australian sellers of dumping cheap wine on China’s market.

According to senior Trump administration officials, Washington is pushing for new, severe steps against China. Following its ambitious plan, the White House calls for creating an informal alliance of Western nations to retaliate when China uses its trading power to suppress its partners.

Boom Bust host Brent Jabbour discusses this latest US move with co-host Ben Swann.

“The US feels of course that nothing can happen around the world without it being involved,” Swann says, pointing out that China is currently dominating the world over trade issues nearly everywhere.

The episode also looks into Trump’s latest punitive measures aimed at nearly 90 Chinese aerospace and other companies over their alleged ties to the Chinese military. The US administration is planning to restrict Chinese corporations from buying a wide range of US goods and technology.

For more stories on economy & finance visit RT's business section

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.