A tirade on China trade war
SCOTT Morrison found himself caught in the middle between Australia’s biggest strategic ally and its biggest trading partner as Donald Trump tipped another bucket on China.
America is locked in a trade war with China, which has put Australia in a difficult position as a weakened Chinese economy will hurt our exports.
Trump described China as a threat to the world as “they’re building a military faster than anybody — and, frankly, they’re using US money”.
Trump said only a “complete” deal with China on trade will be acceptable.
“I’m not looking for a partial deal. I’m looking for a complete deal,” Trump told reporters during a joint news conference with Morrison.
Trump denied that he was under pressure to resolve the trade war, adding: “I don’t think I need it before the election” in 2020. “China is being affected very badly. We’re not.”
He also claimed the US had collected almost $100 billion in tariffs on Chinese goods.
Morrison said he backed the US push to force China to stop its routine violation of foreign companies’ intellectual property. “We need to make sure that we all compete on the same playing field,” he said, adding that China cannot have “special rules”.
But he did admit Australia had benefited greatly from China’s growth. Yesterday’s support of Trump was in contrast to earlier comments, when he said he worried about smaller economies suffering collateral damage and the global system coming “under real pressure”.