Latest news with #tradingpartner
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Video: Trump and EU Strike Tariff Deal
The deal with the European Union is the largest so far in the president's bid to refashion global trade, setting a baseline tariff of 15% on goods from the U.S.'s biggest trading partner.
Bloomberg
14-07-2025
- Business
- Bloomberg
Albanese Reaffirms Taiwan Stance as He Starts China Visit
Australia opposes any unilateral moves to change the Taiwan Strait status quo, Prime Minister Anthony Albanese said as he began a trip to China to maintain steady ties with his country's top trading partner. 'It's important that we have a consistent position, which Australia has had for a long period of time,' Albanese said at a news conference in Shanghai on Sunday. 'We don't support any unilateral action there. We have a clear position, and we have been consistent about that.'
SBS Australia
11-07-2025
- Business
- SBS Australia
Albanese trip to China could be good for both nations' economies
Financial experts say Prime Minister Anthony Albanese's visit to China will provide an economic boost for both countries. Mr Albanese leaves tomorrow on a trip that includes stops in Beijing, Shanghai and Chengdu and will meet senior Chinese leaders, including President Xi Jinping. Mr Albanese will be accompanied by an Australian business delegation. China is Australia's largest trading partner, and, after a period of frosty relations, has removed around 200 billion dollars worth of trade restrictions on Australia in recent years Raymond Chan, Head of the Asian Desk at Stockbroking Wealth Management firm Morgans Financial Limited, tells S-B-S Cantonese Mr Albanese's visit is another indication of the renewed sense of certainty in the Australia-China relationship. "This visit is seen as a positive signal because one thing important in the world of investing is certainty. When the bilateral relationship is uncertain, investors will hesitate to invest. With a more stable relationship between Australia and China it certaintly boosts sentiment. It's especially important for China because China is Australia's largest trading partner." The Australian Competition and Consumer Commission has set up a unit to target romance scams, as reports of the scam types grow. Known as a 'fusion cell', the unit will bring together dating and social media industry representatives as well as law enforcement and financial institutions to better understands and disrupt the scams. Australians lost over $23 million to romance scams last year, with people from a culturally or linguistically diverse background, those with a disability, and First Nations Australians disproportionately impacted by the scams. ACCC Deputy Chair Catriona Lowe tells S-B-S people are at risk when looking for love. "These criminals are experts at targeting really lovely parts of human nature. There is nothing wrong, obviously, with wanting a new relationship, and so people who are seeking that sort of relationship are vulnerable to these sorts of scams." Police say a German backpacker who has been missing for two weeks in Western Australia's wheat belt, likely got lost in dense bushland after her car broke down. W-A police have escalated a national search for 26 year-old Carolina Wilga yesterday, after her van was discovered about 100 kilometres north of where she was last seen in the small Wheatbelt town of Beacon. Carolina was last seen on the 29th of June. Police say the van appears to have suffered mechanical issues. Police are urging a motorbike rider who allegedly ran over a nine-year-old girl in southwest Sydney to come forward. Last night, police say the girl was playing with her friends in the park in the suburb of Rosemeadow when a rider on an unregistered dirt bike came roaring over a hill, hitting the young girl. She was treated for facial injuries by paramedics at the scene and was taken to Westmead Children's Hospital in a serious condition. New South Wales Police Detective Superintendent Grant Healey says police don't believe the incident was intentional but the rider needs to do right by the girl and turn himself in. "Police are actually seeking the rider of the bike to do the right thing and come into the police station and hand themselves in. The rider would know that he hit the little girl. He did stop briefly and had a really brief conversation and rode off without helping the young child. For him to do the right thing by the little girl is to come and hand himself in to police." US Secretary of State Marco Rubio has met with his counterparts in Southeast Asia, seeking to reassure them about the region's importance to the Trump administration, amid the fallout from US tariffs. Mr Rubio joined foreign ministers of the 10-member Association of Southeast Asian Nations in Kuala Lumpur at a meeting that includes Australia, China, the European Union, Japan, Russia, South Korea and others. The delegates have spoken about the threats facing the region as a result of these tariffs, while Russia and China are pushing for deeper ties amid the tariff resentment. Mr Rubio says the Trump administration considers the Indo-Pacific a focal point of its foreign policy. 'We're not abandoning those relationships. On the contrary, we want to strengthen and build upon them. And there are a bunch of other issues, and certainly trade is part of it. But there are a lot of other issues that we work together on. And we will continue to highly prioritise that. The story of the 21st century will be written in the Indo-Pacific. And the countries represented here today along with others that have joined to be a part of this, represent some not just important markets, some of the most important partners we have in the world." In cricket, Australian fast bowler Mitchell Starc says fellow fast bowlers Josh Hazlewood and Pat Cummins deserve much of the credit for his success. 35-year-old Starc will become just the second Australian fast bowler, after Glenn McGrath, to play 100 Test matches when he plays for Australia in the third Test against the West Indies in Jamaica, which starts on Sunday morning [[13th July]]. Starc, Hazlewood, and Australian captain Cummins all hail from New South Wales, and have played a lot of cricket together. Starc says the trio have lifted one another at the sport's highest level. "It's not lost on myself, or the three of us, how lucky I think we are that we are all from the same place- we train together, we sit in rehab rooms together. Over the years, the ability to push each other along the way, whether it's a flat week or a Test week... I think that contributes to the longevity of the three of us in particular."
