PM calls for US-China calm

Original article by Simon Benson
The Australian – Page: 1 & 4 : 26-Jun-19

Prime Minister Scott Morrison will use his first foreign policy speech since the 18 May election to urge the US and China to resolve their trade dispute, stressing that they must act in the global interest rather than their own interests. Morrison’s speech on 26 June will also warn that the trade tensions are causing "collateral damage" in the Asia-Pacific region, and that Australia is prepared to act in its own economic and security interests if the dispute worsens.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, GROUP OF TWENTY (G-20), WORLD TRADE ORGANIZATION

US-China war may cost $652bn

Original article by James Dean
The Australian – Page: 26 : 7-Jun-19

International Monetary Fund MD Christine Lagarde says a worsening of the trade dispute between the US and China will cause "self-inflicted wounds". The IMF has estimated that the global economy will take a $US455 billion ($652 billion) hit in 2020 if the trade war escalates further. Lagarde notes that protectionist measures make traded consumer goods more expensive and cause disproportionate harm to low-income households.

CORPORATES
INTERNATIONAL MONETARY FUND

Billions in gains on offer from US-China skirmish

Original article by Glenda Korporaal
The Australian – Page: 20 : 8-Mar-19

A PwC report has concluded that Australia’s manufacturing, education and resources sectors are amongst those that could benefit from the US-China trade war. The report suggests that the domestic economy could potentially be bolstered by up to $2bn a year if the trade tensions continue. PwC economist Jeremy Thorpe says local businesses should be looking at how they can capitalise on any trade opportunities that may arise as a result of the tensions between the US and China.

CORPORATES
PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD

Sharemarket in $30bn surge after thaw in US-China trade war

Original article by David Rogers
The Australian – Page: 17 & 28 : 4-Dec-18

Materials and energy stocks posted the strongest gains on 3 December, with the Australian sharemarket rebounding from a big fall in the previous trading session. Investors responded positively to trade discussions between the US and China at the G20 meeting, as well as claims by President Donald Trump that China has agreed to remove tariffs on US cars. Meanwhile, the Australian dollar peaked at a four-month high of $US0.7384 in local trading.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, GROUP OF TWENTY (G-20), ROYAL BANK OF CANADA, BHP GROUP LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, SOUTH32 LIMITED – ASX S32, OZ MINERALS LIMITED – ASX OZL, BLUESCOPE STEEL LIMITED – ASX BSL, BORAL LIMITED – ASX BLD, SANTOS LIMITED – ASX STO, BEACH ENERGY LIMITED – ASX BPT, ORIGIN ENERGY LIMITED – ASX ORG, SHANGHAI COMPOSITE INDEX, HANG SENG INDEX, NIKKEI 225 INDEX, KOSPI INDEX, FTSE 100 INDEX

Trade spat a global threat: PM

Original article by Phillip Coorey
The Australian Financial Review – Page: 15 : 30-Nov-18

Prime Minister Scott Morrison has warned that the US-China trade war could undermine global economic growth. He has stressed the importance of the upcoming G20 leaders’ summit to the outlook for the global economy, and he has urged the US and China to use the summit to resolve their trade spat. Many world leaders regard the G20 summit in Buenos Aires as the most important one to be held since the global financial crisis.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, GROUP OF TWENTY (G-20), UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, ASIA-PACIFIC ECONOMIC CO-OPERATION, ASSOCIATION OF SOUTH-EAST ASIAN NATIONS, INTERNATIONAL MONETARY FUND

Beware of a wounded Trump

Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 10 : 6-Nov-18

Australia’s former prime minister Kevin Rudd says US President Donald Trump may be less likely to seek a resolution to the trade dispute with China if the Republicans perform badly in the mid-term elections. Rudd adds that Trump may adopt a more "extreme" position on issues such as immigration, foreign policy and economic policy if the Democrats gain control of the House of Representatives. The Democrats and Republicans have spent a record $US5.2bn in total on the mid-term elections.

CORPORATES
REPUBLICAN PARTY (UNITED STATES), DEMOCRATIC PARTY (UNITED STATES), UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, HIGH FREQUENCY ECONOMICS, UNIVERSITY OF WESTERN AUSTRALIA, ASIA SOCIETY POLICY INSTITUTE

US, China trade war warning

Original article by Simon Benson, David Uren
The Australian – Page: 1 & 4 : 10-Oct-18

The International Monetary Fund expects Australia’s economic growth to slow to just 2.8 per cent in 2019, citing the impact of the US-China trade war. However, the IMF now expects the domestic economy to expand by 3.2 per cent in 2018, which is slightly higher than its previous forecast. Federal Treasurer Josh Frydenberg says a resolution of the trade tensions between the US and China is in the interests of Australia and the world. The IMF has scaled back its global economic growth forecasts for both 2018 and 2019 to 3.7 per cent.

CORPORATES
INTERNATIONAL MONETARY FUND, AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED STATES. DEPT OF THE TREASURY, UNITED STATES. DEPT OF STATE, CHINA. MINISTRY OF COMMERCE

China looks to Australian gas in trade war

Original article by Glenda Korporaal
The Australian – Page: 19 & 27 : 26-Sep-18

Wang Shouwen, China’s vice-minister of commerce, has signalled that the nation could increase its LNG imports from Australia as a result of the trade war with the US. China retaliated to the Trump administration’s latest round of tariff hikes by imposing a tariff of 10 per cent on US LNG imports, and this could rise to 25 per cent. The tariff on US LNG will give Australian producers a price advantage, and could ensure that new LNG projects in Australia and Papua New Guinea proceed.

CORPORATES
CHINA. MINISTRY OF COMMERCE, WOODSIDE PETROLEUM LIMITED – ASX WPL, CHEVRON CORPORATION, SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Trade war pain will be felt globally: OECD

Original article by Jacob Greber, Patrick Durkin
The Australian Financial Review – Page: 15 : 21-Sep-18

A report from the OECD has warned that the US-China trade war could undermine global economic growth. The interim economic outlook report notes that the tariff war has already had an impact on the global trade growth rate, which slowed significantly during the first half of 2018. The OECD says global investment, jobs and living standards will be adversely affected if the trade war escalates. It also expects the US to record GDP growth of 2.9 per cent year-on-year in 2018, while it still expects growth of 6.7 per cent in China. Australia’s GDP growth rate is forecast to be 2.9 per cent in 2018 and three per cent in 2019.

CORPORATES
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, STATE STREET GLOBAL ADVISORS LIMITED, L1 CAPITAL PTY LTD

Investors run for cover amid trade tension

Original article by David Rogers
The Australian – Page: 19 & 28 : 20-Jun-18

The Australian dollar has fallen to a 13-month low amid renewed concerns about a US-China trade war. The local bourse eased slightly on 19 June but Asian markets fell sharply, with China’s Shanghai Composite Index and Shenzhen Composite Index shedding 3.8 per cent and 5.7 per cent respectively. A move by US President Donald Trump to look at imposing tariffs on more Chinese products prompted China to warn that it would respond in kind, and Louis Kuijis of Oxford Economics says such a move would affect economic growth in China, the US and globally.

CORPORATES
SHANGHAI COMPOSITE INDEX, SHENZHEN COMPOSITE INDEX, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, OXFORD ECONOMICS LIMITED, OANDA AUSTRALIA PTY LTD, HANG SENG INDEX, KOSPI INDEX, NIKKEI 225 INDEX, NASDAQ, RESERVE BANK OF AUSTRALIA, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA