After Australia supported a call for a global inquiry into China’s early handling of Covid-19, tensions between Australia and China more drag on, it will take a heavy toll on the Australian economy. In particular, the decrease in beef and barley exports to China are two major impacts on the Australian economy.
Beef is one of Australia's exports that suffers a lot when tensions between the two countries drag on. Specifically, on December 7 and December 8, China issued a ban on beef imports from Meramist beef processing companies, respectively. As a result, Australian beef exports to China are down 34% in 2020 and peak in early 2021 at an average of 14, 000 tonnes per month. With the impact of high tariffs from China, Australian companies have suffered a lot of economic damage from inventory, as well as have to face finding new markets.
Besides, the Australian economy also suffered a lot when it lost a large amount of wheat exports. Besides, the Australian economy also suffered a lot when it lost a large number of wheat exports. China's Ministry of Commerce in May 2020 announced the imposition of an 80. 5% tax on Australian barley from May 19. There for, Australia has to look for other markets and suffer many losses. Because China has always been Australia's big wheat consumer market and lost the opportunity to some other countries that always want to invade the wheat market in China. Argentina is a case in point, the country aims to ship to China 250, 000 tons of barley this year, according to CNN.
The impact of beef and wheat exports has taken a toll on the Australian economy. Australia's trade surplus with China will shrink further as tensions between the two countries grow. To be able to deal with many losses when China imposes high tariffs, Australia will have to work hard to find new markets as well as find many other diplomatic measures with China. 
After Australia supported a call for a global inquiry into China’s early handling of Covid-19, tensions between Australia and China more drag on, it will take a heavy toll on the Australian  
economy
.  
In particular
, the decrease in  
beef
 and barley  
exports
 to China are two major impacts on the Australian economy.
Beef is one of Australia's  
exports
 that suffers a  
lot
 when tensions between the two  
countries
 drag on.  
Specifically
, on December 7 and December 8, China issued a ban on  
beef
 imports from  
Meramist
  beef
 processing  
companies
,  
respectively
.  
As a result
, Australian  
beef
  exports
 to China are down 34% in 2020 and peak in early 2021 at an average of 14, 000 tonnes per month. With the impact of high tariffs from China, Australian  
companies
 have suffered a  
lot
 of economic damage from inventory,  
as well
 as  
have to
 face finding new markets. 
Besides
, the Australian  
economy
  also
 suffered a  
lot
 when it lost a large amount of  
wheat
  exports
.  
Besides
, the Australian  
economy
  also
 suffered a  
lot
 when it lost  
a large number of
  wheat
  exports
. China's Ministry of Commerce in May 2020 announced the imposition of an 80. 5% tax on Australian barley from May 19. There for, Australia  
has to
 look for other markets and suffer  
many
 losses.  
Because
 China has always been Australia's  
big
  wheat
 consumer  
market
 and lost the opportunity to  
some
 other  
countries
 that always want to invade the  
wheat
  market
 in China. Argentina is a case in point, the  
country
 aims to ship to China 250, 000 tons of barley this year, according to CNN.
The impact of  
beef
 and  
wheat
  exports
 has taken a toll on the Australian  
economy
. Australia's trade surplus with China will shrink  
further
 as tensions between the two  
countries
 grow. To be able to deal with  
many
 losses when China imposes high tariffs, Australia will  
have to
 work  
hard
 to find new markets  
as well
 as find  
many
 other diplomatic measures with China.