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Australia Urges ‘Cool Heads to Prevail’ in U.S.-China Dispute

Shanghai's Container Port as U.S. Hikes Tariffs Amid Trade Talks
Photographer: Qilai Shen/Bloomberg

Australia called on the U.S. and China to negotiate a resolution to their economic conflict, with Treasurer Josh Frydenberg describing the introduction of currencies into the dispute as an “unwanted escalation.”

In a television interview Wednesday, Frydenberg avoided answering a question on whether the U.S. was right to brand China a currency manipulator. “It’s not for Australia to say which side is right and which side is wrong,” he said. “What Australia wants is for the international rules-based framework to be maintained.”