Australia turns down China’s offer to ‘join hands’ to fight US tariffs

Australia rejected China’s proposal to collaborate against U.S. tariffs, opting to diversify trade and reduce dependency on China, its largest trading partner. Deputy Prime Minister Richard Marles stated that Australia would focus on national interests by strengthening ties with the EU, Indonesia, India, Britain, and the Middle East, instead of aligning with China. With U.S. President Trump escalating tariffs on China, Australia faces potential risks due to its significant exports to China, while the central bank warns of economic impacts from ongoing trade uncertainties.

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