President Donald Trump said the U.S. will sell "so much" beef to Australia after Canberra relaxed import restrictions on Thursday, but economists and traders said high prices and tight supplies make major American exports unlikely.

Australia announced it will reduce restrictions on U.S. beef imports in a move U.S. President Donald Trump's administration claimed as a major victory over “non-scientific trade barriers.” Agriculture Minister Julie Collins said Thursday that relaxing the restrictions designed to keep Australia free of mad cow disease,

Donald Trump praised Australia’s decision to lift import curbs on US beef amid trade negotiations between the two allies, after the US president had highlighted Canberra’s biosecurity measures as an unfair impediment to trade.