SYDNEY — One-hundred thousand Australian dollars ($70,000).
That’s how much Robert Miolini, a farmer in the Wheatbelt region in the state of Western Australia, lost in future earnings when China announced plans to impose a crippling 80 percent five-year tariff on Australian barley last month, citing anti-dumping allegations.
The owner of a neighboring farm who has planted 200 times as much of the crop could end up losing the property after the aggressive actions by China, which last year bought nine-tenths of the barley grown in the Wheatbelt, a region the size of Bangladesh that surrounds the state capital Perth
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