Australia’s first monthly trade surplus with the United States since records began in the 1980s has undermined Prime Minister Anthony Albanese’s argument for Donald Trump to grant an exemption from tariffs.
A surprise surge in gold exports to the US helped Australia sell more goods to the US than what America sold to Australia in January, according to an analysis of trade data released on Tuesday.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
