Overnight via Reuters, reporting on assurances given by U.S. Trade Representative Katherine Tai to Australian Trade Minister Dan Tehan.
- Says the US is “closely monitoring” trade tensions between Australia and China
- US will support Australia in addressing China’s state-led, non-market practices
- US recognizes “the importance of collaboration among those with open, free, democratic systems.”
Meanwhile, the Australian PM has been have discussions with the Reserve Bank of Australia ….
I suspect “Gimme MOAR easing, Phil!” may have crept into the call at some point.