Catherine Beard: Business NZ Advocacy Manager on the tariffs on US trade
New Zealand isn't likely to get a better deal than we're currently getting, when it comes to trade with the US. Almost all goods to the US now face a 10% base tariff rate. Donald Trump's announced a 25% tariff rate for Japan and South Korea from the start of next month and may also raise tariffs on other trading partners. Business NZ Advocacy Manager Catherine Beard told Heather du Plessis-Allan New Zealand probably can't negotiate a tariff rate below the 10% rate we're facing. She says if that's the best rate going, it's probably not worth New Zealand trying to get into a "David and Goliath" battle with the US. LISTEN ABOVE See omnystudio.com/listener for privacy information.