Record Export Growth for Australia in China as Trade Barriers Ease

As the diplomatic thaw between the two nations continues, Australian exports to China have increased to previously unheard-of levels in March. Australia’s exports have increased significantly as a result of China’s increased imports of iron for its steel sector and its lowering of restrictions on the transport of thermal coal. It is thought that the two nations’ commerce has reached a new high, which is a good development for their diplomatic relationship.

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Biden Administration Proposes 30% Tax on Electricity or DAME Excise Tax: Use to Target Crypto Miners

The Biden administration is proposing a 30% energy tax on cryptocurrency miners and swipe readers due to the “negative externalities” associated with the sector. President Joe Biden’s government is keen to ensure that cryptocurrency miners are held accountable for their energy consumption in order to minimize any potential environmental and economic damage.

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