Australia's Ciobo: Not Expecting a Trump Trade War

The video discusses Australia's trade dynamics, focusing on its relationships with key markets like China, Japan, and Korea. It explores the potential impact of a US-China trade war on Australia and highlights the country's efforts in securing trade agreements with various nations. The discussion also covers the state of the global commodity market and Australia's economic rebalancing, emphasizing the shift from mining to services.

What is the significance of the term 'Canberra consensus' in the context of the discussion?

What factors are contributing to the current state of the Australian economy as discussed in the text?