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Perth Now
18 minutes ago
- Perth Now
Australia reassures Asian allies as US trade wars heat
Australia will work to reassure Southeast Asian allies it remains a dependable partner at a major regional meeting as the United States ups tariffs. Foreign Minister Penny Wong departed for Malaysia on Wednesday and will make a keynote speech on Thursday outlining Australia's dependability, especially in championing free and open trade. One Southeast Asia expert warned the region could be among the hardest hit from US President Donald Trump's tariffs. Peter Drysdale said Australia needed to work with ASEAN members to contain the economic fallout of a trade war, which could wipe more than 11 per cent of GDP from Southeast Asian economies. "The Southeast Asian economies will be among the most severely hit by Trump's tariffs," he told AAP. "Australia's overriding goal is to work with ASEAN to prevent protectionist contagion and its effects on our regional partnerships, including with China. "This year will be of strategic importance in shaping the ASEAN and regional response to Trump's trade war and managing the impact of the US-China geopolitical conflict on economic and political stability." Australia is a dialogue partner to the Association of Southeast Asian Nations, a grouping of 10 countries that promotes economic and security co-operation. Senator Wong will attend the ASEAN-Australia foreign ministers' meeting, East Asia Summit foreign ministers' meeting and ASEAN regional forum. It will mark US Secretary of State Marco Rubio's first visit to the Indo-Pacific region and comes as President Donald Trump hit ASEAN members with tariffs. Australia is working to strengthen relationships in Southeast Asia as it looks to grasp opportunities in a region experiencing rapid economic growth. "ASEAN makes a critical contribution to our aspirations for our region," Senator Wong said in a pre-departure statement on Wednesday. "It is central to regional stability, guards against conflict and reinforces the rules and norms that protect us all." Senator Wong said Australia was committed to working with ASEAN on conflict prevention and international law, a point she would make at the East Asia Summit meeting. Myanmar has been a thorny issue for the bloc since a military junta took control of the country in a 2021 coup and created a massive humanitarian crisis in the region. The junta has received widespread condemnation for atrocities and human rights violations. Australia has joined the international community in applying sanctions against the regime. Senator Wong's trip comes just ahead of Prime Minister Anthony Albanese travelling to China on Saturday alongside an Australian business delegation in a bid to strengthen economic ties with Australia's largest trading partner.
SBS Australia
22 minutes ago
- SBS Australia
SBS News in Filipino, Wednesday 9 July 2025
Interest rate pinanatili ng Reserve Bank sa antas nito sa kabila na inaasahang ibababa ito. The Northern Territory's police chief admits racism in the force is a problem after Kumanjayi Walker inquest, and pledged to stamp out bigotry in its ranks. No more Filipino crew will be deployed on ships crossing the Red Sea, the Department of Migrant Workers has warned ship owners after recent alleged Houthi attacks. LISTEN TO THE PODCAST SBS Filipino 09/07/2025 07:12 Filipino 📢 Where to Catch SBS Filipino 📲 Catch up episodes and stories – Visit or stream on Spotify , Apple Podcasts , Youtube Podcasts , and SBS Audio app.
AU Financial Review
34 minutes ago
- AU Financial Review
Chalmers' urgent tariff inquiries Trump's warning to Powell
Want to get this in your inbox at lunchtime every weekday? Financial Review subscribers can sign up for The Brief newsletter here. Plus start your day with our Before the Bell newsletter and read a full wrap of the day's news in Market Wrap. In today's news, US President Donald Trump says at least seven more countries will be hit with tariff letters in the coming days, while Treasurer Jim Chalmers is seeking urgent clarification on the US raising tariffs on copper and pharmaceuticals. Meanwhile, an Aussie start-up says customers will be able to buy and fly their own electric planes by 2030.
