There's been a further escalation in the trade war between the USA and China.
The US has announced that it will impose fresh tariffs on billions of dollars worth of Chinese goods on Sunday.
It's the first of two rounds of new tariffs.
However Beijing has replied by saying it has "ample" means to retaliate.
Chinese officials also called for both sides to continue trade talks.
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The World Trade Organisation will play only a limited role in global trade policy after a failed ministerial meeting in Cameroon, US Trade Representative Jamieson Greer said on Monday, vowing to seek alternative arrangements with like-minded countries.
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Australian Prime Minister Anthony Albanese has announced on Monday that the government would halve the excise on fuel and diesel and remove the heavy road user charge for three months to help households cope with a surge in costs driven by the Iran war.
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