Simon Birmingham (SA, Liberal Party, Minister for Trade) Share this | Hansard source

As the Prime Minister has said, no-one benefits from trade disputes or a global trade war. Today's announcement from the United States is a concerning development and we urge all parties to step back from further escalating tariffs and to tackle trade distorting subsidies or other issues. Australia's strong and growing economy—some 27 consecutive years of economic growth—is an example to the world of looking outwards, of engaging and of seizing export opportunities and the benefits that come from trade and investment. The Liberal-National government will ensure we continue to have the backs of Australian industry. We'll work hard to ensure they aren't caught in the crossfire of today's news by continuing to pursue new opportunities for Australia's farmers and businesses to access markets at the lowest possible cost. That's what's behind the deals we've already done: it's behind the TPP-11, it's behind ongoing negotiations with the EU, with Hong Kong, with other markets around the world. We will continue to work hard to make sure our farmers and businesses can keep ahead. (Time expired)