You are using an older browser version. Please use a supported version for the best MSN experience.

Money talks the loudest for China, US: PM

AAP logoAAP 13/11/2016

Commercial interest will override a potential trade war between the United States and China, Prime Minister Malcolm Turnbull believes.

President-elect Donald Trump has talked tough about putting up tariffs on Chinese imports, but Mr Turnbull expects money to talk the loudest.

"I'm confident that the commercial relationships, economic relationships, will be managed in the national interest," Mr Turnbull told Sky News on Sunday night.

"It's clearly not in America's national interest to have some sort of economic cataclysm, as many have forecast."

Mr Turnbull said 80 per cent of the sugar produced in Australia is exported, while the coal industry also exported heavily.

"In our case it is unquestionably in our interest to have stronger and more open trade around the world," he said.

image beaconimage beaconimage beacon