How can countries balance politics and economy on China?

Published

3 years ago

August 21, 2023

Tensions between China and the West are at all time highs. So how can regional players like Australia balance their economic and political allegiances?

U.S. – China tensions remain as high as they have ever been.

New military alliances such as AUKUS – that is the U.S., U.K. and Australia – have emerged in recent years to try to quash China’s influence in the Pacific and around the world.

But where does that leave Australia?

One one hand we are increasing our military alignment with the U.S.

At the same time our trade relations with China are improving as some of the last remaining trade tariffs such as on barley are being removed.

How does Australia and other smaller nations balance this apparent contradiction in military and trade policy?

Related Topics:china Economy Featured Politics u.s.

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Crude oil surges 7% amid fears of Middle East conflict; Strait of Hormuz disruptions may push Brent over $100.

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Crude oil prices spiked dramatically as investors react to the growing risk of a wider conflict in the Middle East. U.S. crude surged 7.2 percent, trading near $71.84 a barrel, signalling heightened concern across energy markets.

The Strait of Hormuz, a critical shipping chokepoint, has come under intense scrutiny. Rising war-risk insurance premiums and suspended tanker traffic are already slowing the movement of oil, creating ripple effects in global supply chains.

JPMorgan has warned that prolonged disruptions over three weeks could force Gulf producers to reduce output, potentially pushing Brent crude prices to between $100 and $120 a barrel. Markets are closely watching for developments that could reshape global energy pricing.

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Trump warns of last opportunity to hit Iran as conflict escalates

Trump declares final chance to strike Iran, aiming to dismantle missile systems and prevent nuclear weapons amid U.S. troop losses.

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Trump declares final chance to strike Iran, aiming to dismantle missile systems and prevent nuclear weapons amid U.S. troop losses.

President Trump has declared this is the final opportunity to strike Iran as conflict intensifies across the Middle East, outlining four key military objectives including dismantling Iran’s missile capabilities and targeting its navy.

The U.S. says its mission is to prevent Iran from acquiring a nuclear weapon and to halt its alleged support for terrorist groups abroad, signalling a potentially prolonged campaign in the region.

Four U.S. troops have already been killed, with officials warning further casualties are possible as operations continue.

#Trump #Iran #MiddleEast

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