Montreal, Canada (CWBN)_ The biggest partners could jump to Australia’s defence in its mounting trade war against China as tensions between the two nations continue to increase.
Nations such as New Zealand, Canada, the United Kingdom and the US could link forces with Australia to hit back Beijing by imposing their own tit-for-tat sanctions on Chinese goods and produce.
Cotton and lamb exports are the latest to join the increasing list of Australian products that are being sanctioned by China. The long list include beef, barley, wine, lobster, cotton, seafood and coal.
Australia is part of Five Eyes, an intelligence alliance with Canada, New Zealand, the UK and the United States.
Five Eyes nations are supposedly in initial negotiations on how to respond to China’s sanctions , informed source described the assistance within the alliance as ‘off the charts at the moment’, NewsCorp reported.
Discussions are gaining momentum among high level federal government officials in Canberra and is also being given much deliberation in Washington.
There are several approaches as to how Five Eyes could hit back at China.
One choice is that all five nations impose their own sanctions on Chinese goods, produce and services.
Another would be for Australia to respond with tit-for-tat tariffs on products from Beijing, and the four allied nations demonstrated their support by declining to make up for the loss in Chinese exports.
There’s also increasing talk Japan could link with the alliance and be part of a new Six Eyes alliance.
