Original article by Dennis Shanahan
The Australian – Page: 1 & 4 : 23-Sep-19
Prime Minister Scott Morrison has urged the US and China to take action to resolve their trade dispute as quickly as possible. Following a meeting with President Donald Trump, Morrison stated that he had a "clear sense" that Trump is also keen for a resolution to the trade war. He added that any deal must be sustainable and address issues such as breaches of intellectual property and forced technology transfer. Morrison has downplayed recent comments by former prime minister Kevin Rudd, who suggested that the G20 leaders’ summit in November will be the last opportunity for the US and China to resolve the trade war.
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, GROUP OF TWENTY (G-20), AUSTRALIAN LABOR PARTY
Original article by David Rogers
The Australian – Page: 28 : 6-Sep-19
Sharemarkets across the Asia-Pacific region rallied on 5 September as investors welcomed news that the US and China will hold trade discussions in early October. Both nations imposed new tariffs at the start of September, while the US is scheduled to increase tariffs on a range of Chinese goods on 1 October. Meanwhile, financial markets have priced in an 88 per cent chance that the Reserve Bank of Australia will reduce official interest rates in October, followed by another rate cut by May.
RESERVE BANK OF AUSTRALIA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, STANDARD AND POOR’S ASX 200 INDEX, SHANGHAI COMPOSITE INDEX, NIKKEI 225 INDEX, KOSPI INDEX, HANG SENG INDEX
Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 1-Jul-19
The US and China have indicated that they will resume trade negotiations, with President Donald Trump stating that China had agreed to buy a "tremendous amount" of US agricultural produce. This has prompted concern among Australian officials that such purchases could be at the expense of local farmers, along with fears that the US and China could strike ‘side deals’. However, despite the concerns about agriculture, there was overall relief in Australia that China and the US have agreed to keep talking about their trade differences and that Trump did not impose any more tariffs on China.
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ
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.
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, GROUP OF TWENTY (G-20), WORLD TRADE ORGANIZATION
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.
INTERNATIONAL MONETARY FUND
Original article by Mark Ludlow
The Australian Financial Review – Page: 12 : 5-Jun-19
Asia Society Policy Institute president and former Australian prime minister Kevin Rudd says the US and China still have a strategic and economic interest in securing a trade deal. However, Rudd estimates that there is now less than a 50 per cent chance of a trade deal, down from 90 per cent earlier in the year. Rudd added that the US-China trade dispute will be a "particularly challenging time" for Australia’s relationship with China.
ASIA SOCIETY POLICY INSTITUTE, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD
Original article by Brad Thompson
The Australian Financial Review – Page: 15 : 21-May-18
Fortescue Metals Group CEO Elizabeth Gaines says trade tensions between the US and China did not attract much attention at a recent Bank of America/Merrill Lynch conference in the US. President Donald Trump is threatening to impose tariffs on steel and other products, but Gaines says China exports very little steel to the US. She adds that sentiment concerning mining and commodities is very positive at present.
FORTESCUE METALS GROUP LIMITED – ASX FMG, BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED, WESFARMERS LIMITED – ASX WES, AGL ENERGY LIMITED – ASX AGL, HELLOWORLD TRAVEL LIMITED – ASX HLO
Original article by John Kehoe, Michael Smith
The Australian Financial Review – Page: 1 & 16 : 23-Mar-18
Fears of a global trade war have been heightened after the US announced plans to pursue punitive measures against China in retaliation for its theft of intellectual property. The US will impose $US50bn ($A64bn) worth of tariffs on China are expected to target a wide range of Chinese-made goods, while the US is also expected to introduce new foreign investment restrictions on China. US Trade Representative Robert Lighthizer has noted that the World Trade Organization has been "wholly inadequate" in addressing concerns about China.
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED STATES. DEPT OF COMMERCE, WORLD TRADE ORGANIZATION, CHINA. MINISTRY OF COMMERCE, UNITED STATES. FEDERAL RESERVE BOARD, BOEING COMPANY, QUALCOMM INCORPORATED, MONEYGRAM INTERNATIONAL LIMITED, UNITED STATES. NATIONAL FOREIGN TRADE COUNCIL, THE GOLDMAN SACHS GROUP INCORPORATED
Original article by Peter Ker
The Australian Financial Review – Page: 18 : 9-Dec-16
Shares in Fortescue Metals Group have gained 23 per cent since Donald Trump won the US presidential election. The pure-play iron ore producer is now valued at around $A20bn, and the 33.32 per cent stake of founder and chairman Andrew Forrest is worth nearly $A7bn. Forrest has downplayed the potential for a trade war between the US and China, which would weigh on Fortescue’s share price. He has also rejected suggestions that mining companies cannot boast both high yields and high growth.
FORTESCUE METALS GROUP LIMITED – ASX FMG, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT