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China trade pressure sends Australia 'wake-up call' to diversify

From Indonesia to India, exporters face a battle to make up for lost business

SYDNEY -- Australian exporters face a difficult hunt for new markets as tensions with China reach a precipitous point, hurting businesses on both sides.

China has either slowed or stopped imports of Australian cotton and coal in recent weeks. That is on top of hefty tariffs imposed on Australian barley and a ban on beef from five major Australian producers. The Asian giant is also looking into putting levies on Australian wines.

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