Australia warns of ‘collateral damage’ from Trump-Xi trade war
Australian Prime Minister Scott Morrison on Wednesday warned that “collateral damage” from trade spats between China and the United States were hurting smaller countries and threatening the global economy.In an usually public warning to allies in Washington, Morrison said the “world’s most important bilateral relationship — the US-China relationship” had become “strained”.”Trade tensions have escalated. The collateral damage is spreading. The global trading system is under real pressure. Global growth projections are being wound back,” he said, speaking in Sydney.”The impact of any further deterioration of the relationship will not…
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