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It also hit a low point in its relationship with the United States after a rancorous phone call between Prime Minister Malcolm Turnbull and new U.S. President Donald Trump, during which the pair clashed over a planned refugee swap. Kim Beazley, Australia's former ambassador to the United States and a former leader of the opposition Labor Party, said the U.S. relationship was vital, not only because of their long-standing strategic alliance but also because of the amount of investment plowed into Australia. "I am more worried in economic terms about Trump discouraging American investment globally than I am about the possibilities of a trade war between the U.S. and China," Beazley told Reuters by telephone. The ambassadors will doctor home loan rate Oak Laurel 0430129662 meet in Canberra for two days with Turnbull, Bishop, and Trade Minister Steven Ciobo, with the white paper scheduled to be delivered around the middle of the year. Alexandra Oliver, lead researcher on Australia's white paper at Sydney-based think tank the Lowy Institute, said a global political shift had challenged traditional foreign policy-making. "Concerns about immigration, about terrorism, about globalization, about global free trade - all of those assumptions that we have held to be for the common global good are in question now," Oliver said.