Australia May Join Canada in Seeking Special Status With European Union

UPDATE - follow-up to Australia could follow Canada as EU 'associate member', parliament president says - abc.net.au: Australia might soon seek to become an associate member of the European Union, following a path similar to Canada. This potential move comes after European Union officials floated the idea of a special membership status for Canada. Meanwhile, US President Donald Trump has strongly opposed these developments. Trump threatened to stop all trade between the United States and the European Union over what he called a laughable membership offer made to Canada. At the same time, former central bank official Mark Carney has praised the new Canada-EU arrangement while offering a quiet swipe at Trump's trade threats. In domestic economic news, Reserve Bank Governor Michele Bullock stated that inflation in Australia is likely to remain high for some time.