Prime Minister Morrison is going to Japan to attend the G20 summit.
He will use the speech of the conference to urge China and the United States to reach a bilateral trade agreement as soon as possible.
He said that due to the tense trade relations between China and the United States, the global economy and the market are living under a high pressure.
He said that there is no doubt that the recent significant changes and pressures in the global economy have been caused by changes in the relationship between the United States and China.
This has had the greatest impact on our Asia Pacific region.
The Prime Minister said that the risks facing Australia are real.
He also warned that the economic and trade relations between the two countries will continue to deteriorate, so the Australian economy will be greatly affected.
The Minister of Trade said that in the short term, China and the United States will continue trade disputes, and orders for many foods in China will be transferred from the United States to Australia.
However, in the long run, it will ultimately affect Australia’s economic development.