Australian Trade Minister: Trade with China is 10 times more important than trade with the US
The Australian Financial Review: During a rare interview, Australian Minister for Trade Don Farrell publicly rejected pressure from the Trump administration and stated that Australia would resist joining pressure on China regarding trade issues.
According to reports, Farrell said that China is Australia's largest trading partner, and trade with China is "ten times more important" than trade with the United States. "We do not want to reduce our trade with China; instead, we hope to engage in more trade with China," he said. "We will decide how to continue engaging with China based on our national interests, not according to what Americans may or may not want."
Official data from Australia shows that during the 2023-2024 fiscal year, Australia's exports to China amounted to 212 billion AUD, while exports to the United States were only 3.7 billion AUD.
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