Is Australia's trade war with China now over? The answer might be out of our hands.

Australia's rock lobster industry will be able to export to China again after a deal was struck at the ASEAN summit. However, the future of Australia's trade relationship with China remains uncertain and dependent on Beijing's relationship with Washington. While Australia has seen some success in undoing export restrictions imposed by China in 2020, global trade relations are deteriorating, and the decisions of key allies like the United States may have a greater impact on Australia's trade than its own actions. It is important for Australian businesses to diversify their trade and investment into other countries. [Extracted from the article]