Скачать или смотреть China Suspends $79B Australian Iron Ore Trade, Issues Yuan Ultimatum That Shakes Global Markets

China Suspends $79B Australian Iron Ore Trade, Issues Yuan Ultimatum That Shakes Global Markets


China has suspended an estimated $79 billion worth of iron ore trade with Australia, triggering a major shock across global commodity markets. Beijing’s ultimatum is clear: accept payments in yuan or risk losing access to one of the world’s largest buyers. The move signals China’s accelerating push to weaken U.S. dollar dominance in global trade. Australia now faces a stark economic and strategic dilemma as its mining sector reels from uncertainty. Global steelmakers and supply chains are bracing for price volatility and contract disruptions. The decision deepens already strained China–Australia relations amid broader geopolitical rivalry. Analysts warn this could set a precedent for other commodities and trading partners. The standoff marks a critical escalation in the global currency and resource power struggle.

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