The Australian Financial Review reports that Australian exports to the United States have surged 20% over the past year, defying fears US President Donald Trump’s tariffs would hurt trade as a lack of alternative products and relatively low levies give local exporters an edge over rivals.
USSC Senior Economics Adviser Dr John Kunkel was quoted in the article, saying that American firms are “swallowing” much of the cost — a sign of limited local substitutes and a still-robust US economy.