The U.S. Treasury Secretary Questioned The Previous U.S. Government’s Trade Agreement With China / Australian Prime Minister Morrison’s Popular Support Rate Drops to 51%

According to Bloomberg’s quotation, U.S. Treasury Secretary Yellen questioned the trade agreement reached by the previous administration with China last year, and believed that the method of imposing tariffs on China was not well thought out, and to some extent harmed the interests of American consumers. , Failed to truly solve the fundamental problem between the two countries. In addition, it also pointed out that the Biden administration must decide whether to keep the agreement or seek to replace it with a new agreement. It has been more than a year since the Sino-US trade talks were suspended last year. If the report is true, once the two sides renegotiate, the tariffs will be cancelled. It is expected to help alleviate market concerns about global trade prospects and out-of-control inflation in the United States. However, due to the complex relationship between China and the United States, there is little chance of significant progress in the short term.

The Australian newspaper (The Australian) commissioned the Australian News poll to conduct polls from the 14th to the 17th of this month. The results showed that the public support of Australian Prime Minister Morrison continued to drop to 51%, which was a huge mountain at the beginning of last year. The lowest since the fire, recalled 85% in April this year. As for the Liberal Party/National Party coalition led by Morrison, the support rate has also dropped to 47%, which clearly lags behind the 53% of the opposition Labor Party. It was mainly affected by the slow progress of the government’s vaccination and the outbreak of the Delta mutant virus, which caused the city to be closed again. The Australian Senate and House of Representatives will hold general elections in or before 2022. If Morrison still fails to effectively deal with the epidemic, it may give the opposition Labor Party a chance.

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