Kevin Rudd at the Semafor World Economy Summit 2025

The US and China must quickly complete a trade deal or the global economy will face further disruption, Kevin Rudd, Australia’s ambassador to the US, said Thursday.

“[Getting a deal] is so fundamental to the future stability of the market,” Rudd told Amna Nawaz, co-anchor and co-managing editor of PBS News Hour and a Semafor contributor.

“It is in our collective interest [for] this particular negotiation to get underway,” Rudd told the World Economy Summit in Washington, DC.

“The downstream consequences of any further bifurcation of the two economies — the supply chain impact will be enormous, the inflationary impact will be enormous, the disruption to the global economy will be enormous.”

More: Australian ambassador to the US Kevin Rudd calls on Washington, Beijing to make a trade deal | Semafor

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Correction by Sky News Australia — James Stevens