Todd McClay: Trade and Associate Foreign Minister on what the conflict between the US and Iran means for trade
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
The impact of the Middle East conflict on our trade is still unclear.
Thousands of Kiwi containers are stuck in the Strait of Hormuz, with more than $3 billion worth of goods headed for the Gulf each year.
Trade and Associate Foreign Minister Todd McClay says New Zealand would only look to alternative markets if the conflict drags on.
He told Mike Hosking it's interesting US stock markets haven’t reacted significantly, which shows they've likely factored something like this in.
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