Australia Declines China's Offer Amid Trade Tensions with US
Australia Declines China's Offer Amid Trade Tensions with US

Australia Declines China's Offer Amid Trade Tensions with US

News summary

Australia has firmly rejected China's proposal to collaborate against U.S. tariffs imposed by President Trump, emphasizing a focus on national interests and diversifying trade relationships. Deputy Prime Minister Richard Marles and Foreign Minister Penny Wong highlighted the importance of reducing reliance on China, Australia's largest trading partner, and instead strengthening ties with countries like Indonesia, India, and the UK. Marles stated, 'we’re not going to be holding hands with China' in response to the escalating trade tensions with the U.S. He noted that while a solid trading relationship with China is vital, Australia will not align itself with Beijing in global trade disputes. The Australian government underscored the need for economic resilience through diversified trade, especially in light of ongoing uncertainties in international markets. China's ambassador had called for solidarity, but the Australian government remains committed to its independent trade strategy.

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Left 33%
Center 67%
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Last Updated
3 days ago
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