Kate Acland: Beef & Lamb Chair says Donald Trump's tariffs will damage the meat industry
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
Donald Trump's latest tariff announcement looks set to hit our meat industry in the back pocket.
Trade Minister Todd McClay is heading to Washington in the coming weeks to argue our case, following Trump's decision to raise tariffs on New Zealand goods.
We'll now face a 15-percent tariff, while Australia and the UK still face a 10-percent rate.
Beef & Lamb Chair Kate Acland says our exporters may have to absorb that five-percent difference.
She says that will equate to about 300-million dollars in extra tariffs a year, if trade levels stay the same.
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