As President Donald Trump seeks to close the US economy off from the rest of the world, a new report by the US Studies Centre is highlighting the value of Australia's investment relationship with the United States.

The study shows two-way investment between the US and Australia totals more than $1.47 trillion, most of which is US dollars flowing into Australia.

So what does Trump's presidency — and our stronger ties with Asia — mean for the future of this deep and long-standing economic relationship? USSC chief executive Professor Simon Jackman was interviewed on ABC RN Breakfast.