CANBERRA, ACT, Oct. 17 -- The Treasurer of Australia issued the following transcript:

Note

Subjects: US tariffs on Australia, Australia-China trade relations, AUKUS review

Jim Sciutto:

I sat down with Australian Treasurer Jim Chalmers earlier and asked him how the trade war was affecting his country's economy.

Jim Chalmers:

Australia's interests are best served by more trade, not more trade barriers. We've made that clear. We see tariffs as ultimately self‑defeating. Australians are by nature and by history, by inclination, very pro‑trade. We've got a lot to gain from free and open and fair markets for our goods and services.

We've done a lot of economic modelling following Liberation Day here in the US on the effect on A...