Tensions between US and China could stretch Australia as Trump dumps TPP

Australia is refocusing on a post-TPP multilateral trade bloc with a Chinese rather than US centrepiece, which could mean potentially painful decisions if tensions over disputed islands in the South China Sea escalate into a confrontation. Prime Minister Malcolm Turnbull suggested China could replace the United States in the Trans Pacific Partnership trade bloc, hours after the White House vowed to confront Beijing over disputed islands in the South China Sea.