Skip to main content

China Sends Proposal To Australia Amid Bitter Fight With US, Gets Rejected

Australia has declined China's proposal to form an alliance against the United States' tariffs, imposed by President Donald Trump's administration. The decision comes as Washington escalates its trade war with Beijing, imposing a 10 per cent import tax on Australian goods and significantly higher tariffs on Chinese products - 125 per cent.

China's ambassador to Australia, Xiao Qian, suggested that joint resistance is the only way to counter the US' "hegemonic and bullying behavior." He also said, "The international community... should firmly say no to unilateralism and protectionism."

However, Australian Prime Minister Anthony Albanese stated that his country will prioritise its national interests, "speak for ourselves" and not align with China's stance.

Defence Minister Richard Marles emphasised that Australia will not be "holding China's hand" and instead focus on diversifying its trade relationships.

“We're not about to make common cause with China, that's not what's going to happen here. I don't think we'll be holding China's hand,” Marles told Australia's Nine News. “We don't want to see a trade war between America and China, to be clear, but our focus is on actually diversifying our trade," he added.

Australia has expressed frustration over the tariffs but has opted not to retaliate. Instead, the country is seeking further negotiations with the White House. Xiao Qian argued that the US has "weaponised" trade issues, potentially sabotaging the international order and dragging the global economy into chaos. He emphasised the need for Australia and China to cooperate in safeguarding a fair and free trading environment.

Australia is actively exploring alternative export opportunities outside the US. The country aims to reduce its reliance on China and bolster economic resilience by diversifying trade with nations like Indonesia, India, the UK, and the UAE. "Eighty percent of trade does not involve the United States. There are opportunities for Australia and we intend to seize them", Albanese said. Australian Trade Minister Don Farrell has recently met with counterparts from Japan, Singapore, South Korea, and India.
 



from NDTV News-World-news https://ift.tt/cYaj0pl

Comments

Post a Comment

Popular posts from this blog

Sri Lanka Must Achieve Debt Restructuring By September: IMF

The International Monetary Fund on Tuesday reaffirmed that Sri Lanka must achieve its debt restructuring process by September, which is also the time for the global lender's formal review of the bailout facility it extended to the cash-strapped nation. On March 20, IMF extended a nearly $3 billion bailout facility to debt-ridden Sri Lanka that would help stabilise the country's economy after it was jolted by a devastating economic crisis last year. In a statement issued on Tuesday at the end of a nearly two weeks staff visit to Colombo to assess the progress made by Sri Lanka since the agreement was reached, the IMF said the two sides had discussed the developments on debt restructuring. "Sri Lanka must achieve debt restructuring by its first review due in September. We also discussed progress on debt restructuring, noting the ongoing discussions with both foreign and domestic creditors," the statement read. Sri Lanka is still struggling to normalise its crisis-hi...
Post a Comment
Read more

Gaza's Rafah Border Crossing Area Hit In Military Strike

The area of the Rafah border crossing between the blockaded Gaza Strip and Egypt was hit Monday in a military strike, AFP correspondents said, as hundreds of Palestinians gathered hoping to cross. The area of the shuttered crossing point in Gaza's south had been hit at least three times last week by Israeli air strikes after Gaza-based Hamas attacked southern Israel on October 7 that triggered all-out war. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) from NDTV News-World-news https://ift.tt/z9CBc7N
Post a Comment
Read more

Released 2 American Hostages On "Humanitarian Grounds": Hamas

Gaza's ruler Hamas said Friday its armed wing has released two American hostages, from around 200 captives abducted in attacks by the militant group in Israel on October 7. "In response to Qatari efforts, (Ezzedine) al-Qassam Brigades released two American citizens (a mother and her daughter) for humanitarian reasons," Hamas said in a statement posted on Telegram. The Islamist group did not detail how or when the hostages were released. The Israeli military said earlier Friday that most of those abducted to Gaza were still alive. "The majority of the hostages are alive. There were also dead bodies that were taken... to the Gaza Strip," an army statement said. The military said more than 20 hostages were minors, while between 10 and 20 were over the age of 60. There are also between 100 and 200 people considered missing since the Hamas attacks, the army added. On October 7, the Palestinian militant group carried out a deadly assault on Israel, the worst in...
Post a Comment
Read more