The Australian Strategic Policy Institute’s Michael Shoebridge says Beijing will stop its trade war with Australia when it realises it is trashing its reputation internationally, causing multiple countries to reassess plans to engage with China.
It comes amid an escalation of trade tensions between Canberra and Beijing, which Sky News host Chris Kenny said had most recently caused “yet another beef producer” to shut down exports to China.
Mr Shoebridge said these trade tensions will stop when “Beijing realises it’s miscalculated”.
“This isn’t just about what it’s doing to Australia, but it’s trashing its reputation internationally,” he said.
“It’s causing a whole lot of countries, companies and populations to reassess their plans to engage with China politically and economically.”