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CHINA EXPORT LEVY FOR IRON ORE WOULD BE BAD FOR AUSTRALIA


Calls by Senator Matt Canavan, a former resources minister, for a 1 per cent levy on Australian iron ore exports to China will only add more fire to the trade war raging between the two countries. This guy is seriously deluded! Hasn't he been watching the iron ore prices? It has jumped from $129/T at the end of November to $149 now! That's 15.5% increase in 2 weeks you idiot Canavan! A 1% levy is peanuts by comparison so let's just leave it to the spot market eh?

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