Australia’s foreign minister says China and the United States cannot afford to wage a trade war, as the world watches ties between the two nations fray amid fears of rising American protectionism.
Julie Bishop weighed in on the spectre of an economic stoush between the global giants while in Singapore talking about extraordinary change and uncertainty throughout Asia.
‘I believe that both sides have too much at stake for there to be a trade war,’ Ms Bishop told Bloomberg News on Monday.
‘The United States has issues with China, China has issues with the United States, but I believe they can be resolved by high level consultation and discussion and I hope that we see that.’
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