Australia has signed off on a warning from G20 nations calling for an easing of tensions in the US-China trade war to avoid “collateral damage.”
“At this moment, rising trade tensions are a serious concern. While we acknowledge that there are legitimate issues that must be addressed, the risks of collateral damage are growing,” the statement reads. “We have seen a return of financial market volatility, currency instability, and decreased capital flows to emerging economies.”
The joint statement cites that action needs to be taken to change the direction of the current economic outlook.“Collectively, we need to take steps to reverse this course. We need to champion the rules-based multilateral system.”Both Mr Frydenberg and Prime Minister Scott Morrison have outlined their concern over recent global economic headwinds.
About time the vassal stood up
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G20 nations issue warning on US, China trade war | Sky News AustraliaAn alliance of G20 nations led by Australia has issued a warning over the trade war between the United States and China.\n\nIn a joint statement published in the Australian, the warning has called for an end to the trade war, and has outlined the consequences and damage to other nations.\n\nPrime Minister Scott Morrison has told parliament there will be a focus on expanding trade opportunities.\n\nUS President Donald Trump has assured he would postpone imposing further tariffs on Chinese goods.\n\nImage: Getty
Source: SkyNewsAust - 🏆 7. / 78 Read more »
G20 nations issue warning on US, China trade war | Sky News AustraliaAn alliance of G20 nations led by Australia has issued a warning over the trade war between the United States and China.\n\nIn a joint statement published in the Australian, the warning has called for an end to the trade war, and has outlined the consequences and damage to other nations.\n\nPrime Minister Scott Morrison has told parliament there will be a focus on expanding trade opportunities.\n\nUS President Donald Trump has assured he would postpone imposing further tariffs on Chinese goods.\n\nImage: Getty
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Trump's tariff delay hints at potential end to US-China trade war | Sky News AustraliaPresident Donald Trump has decided to delay an impending increase on Chinese imports, prompting some to question if this could be a sign of the end of the US-China trade war. \n\nThe tariffs have been delayed by two weeks. \n\nTalks between the two economic powerhouses will resume in early October. POTUS I seen earlier from another source (not sure if credible) that china had reduced their tariffs they put on recently and asked for a deal? Unsure on source though so I guess we will see.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Markets react to tariff exemptions | Sky News AustraliaChief Strategist at CMC Markets Michael McCarthy says “the trade dispute between China and the US remains a key market concern”, despite being “off to a good start to trading” on Thursday. \n\nChina announced it would exempt certain US good and ease restrictions on foreign investment on Wednesday afternoon. \n\nMr McCarthy said “the positive momentum” of European and US trading 'lifted markets about two thirds of a per cent at the open” on Thursday.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
'Motivating the crooks': researchers vulnerable to criminals, warns chief scientistAustralia's chief scientist has warned pressure to publish was leading scientists to cut corners, and leaving them vulnerable to criminals.
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Reserve Bank warns against households' 'reduced appetite for debt'Cautious home owners may not cut repayments, the Reserve Bank of Australia has warned, undermining efforts to stimulate the economy through lower interest rates. The debt is killing the ordinary Australia. It is crazy to think we are going to more junk to store up in these overpriced houses. This is an insane thought of the Reserve Bank of Australia, totally immoral of the banks to make so much money auspol nswpol Typical statement from a morally corrupt organisation. Debt is a massive problem, globally and everyone trying to reduce it should get a massive pat on the back. How can interest rates ever be raised with debt at current levels? F*** the growth. Focus on wiping out the debt. The growth on debt bubble had to stop at sometime..... There is no time like the present I s'pose 🌻
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