Here are some tables that put Australia's position into perspective. In terms of manufactured goods and services, Australia would import a lot more from the US than it exports to the US. This trade wouldn't be on the US radar.
The risk to Australia's economy ATM would be any diminution of any of the top 10 exports for any reason.
The risk of the Wuhan Corona Virus to hitting demand for tourism and education services in addition to raw exports is vary high, particularly given the position of China as our biggest partner in these trades.
Prior to the Wuhan Corona virus the risk of the US/China trade war or subsequent patch up deal was the greatest risk to Australia's trade.
To help mitigate risk Australia needs to greatly widen it's trading partnerships.
