“While we acknowledge that there are legitimate issues that must be addressed, the risks of collateral damage are growing,” they said in a joint statement published in The Australian newspaper on Friday, warning that the post-war multilateral system was under threat. “We have a responsibility to safeguard the institutions that have led to our shared economic success.”
The four ministers on Friday used the op-ed statement to lay bare the challenges facing their economies. Trump administration officials are said to have discussed offering a limited trade agreement to China that would delay and even roll back some U.S. tariffs for the first time in exchange for Chinese commitments on intellectual property and agricultural purchases.
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