Is our strengthening relationship with China harming our chances of a tariff carve out?

No-one has a better deal than Australia at 10%. President Trump has announced another change in policy overnight. We have of course got a better deal than any other country on the planet in the announcements that President Trump made just last Thursday morning. Last Thursday morning I described this as an act of economic self-harm. It is quite clear from the response of the markets that the announcement is doing harm to the United States, it is doing harm to its prospects of employment, inflation, all the key figures as well. We will continue to advocate that Australia’s tariff rates should be zero. We do not impose tariffs on US goods into Australia. We have a free trade agreement with the United States and we expect that the sort of language that we saw from the US trade representative, where he spoke about … building up a buffer, when Australia currently imports US goods, twice as much as we export to the United States. We do not think it is an act of a friend, as I said last Thursday. We will continue to advocate strongly for Australia’s interest.