New Zealand hit with 15% Trump trade tariff, Trade Minister says he will push back

Posted by Loud-Chemistry-5056

1 Comment

  1. Loud-Chemistry-5056 on

    Some key points:

    * The Liberation Day Tariffs had us set at a rate of 10%, so they’ve actually gone up since then.
    * The very low tariff rate that NZ charges on US goods was not a consideration when it came to setting the rate at 15%, as per the Finance Minister Willis
    * Two-thirds of Kiwi businesses [in a survey earlier this year](https://www.rnz.co.nz/news/business/563033/trump-tariffs-worse-for-nz-businesses-than-covid-19-pandemic-survey) thought the tariffs would have a more severe global impact than Covid-19 and the global financial crisis over the next 12 months.
    * By ‘push back’ as stated in the title, Trade Minister McClay & our Ambassador to the US will make the case that we should have a lower tariff rate. I think the title is misleading in that way.
    * Winston Peters’ MAGA ball-licking didn’t appear to help us in any way

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