Australia is suddenly facing a broad economic assault from China, by far its largest trading partner. Last week, Beijing imposed tariffs of more than 200 percent on imports of Australian wine, essentially shuttering the industry’s largest export market. China has halted shipments of Australian coal, leaving ships stranded off China’s coast, and has blocked or restricted imports of a dozen other products, including Australian beef, sugar and timber. The sanctions so far have affected one-third of all Australian exports to China. It’s all Chinese retaliation for moves by the Australian government that have irritated Beijing, which presented Canberra with an […]