The escalating U.S.-China trade war has taken a breather, but has nonetheless begun to have a knock-on effect to other countries, products and companies. One country that has so far been immune is Australia, whose exports to China increased 10.4% year over year in 2Q while China’s total imports fell 4.1% over the same period. Yet, Australia’s resilience may prove fleeting. Metal ores represented 49.9% of Australia’s exports to China in 2018, while Australia provided 47.2% of China’s imports of metal ores. Similarly in energy – including coal, oil and gas ...