1 of 1
Story summary
- Australian exports to the United States rose 20% over the past year, reaching $6.9 billion in the three months ending September.
- The rise contradicts concerns that tariffs from President Donald Trump would harm trade.
- The Australian Financial Review attributes the surge to a lack of substitutes and relatively low tariffs that aid exporters.
- Dr. John Kunkel, a Senior Economics Adviser, said American companies are absorbing tariff costs, indicating limited substitutes and a United States economy.
