Latest / Best of Business / Catherine Beard: Business NZ Advocacy Manager on the tariffs on US trade

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Catherine Beard: Business NZ Advocacy Manager on the tariffs on US trade · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talk sed be
• 0:12
  Speaker 1: follow this and our wide range of podcasts now on iHeartRadio.
• 0:16
  Speaker 2: Now a bit of confusion over when Trump's tariffs are
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  Speaker 2: going to kick in. The ninety day Pauls was supposed
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  Speaker 2: to end tomorrow. It now looks like it's going to
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  Speaker 2: be August. One good thing is the man in charge
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  Speaker 2: is clearing it all up for us and your president.
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  Speaker 3: Do the tariff freed change at all.
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  Speaker 1: On July ninth or do they change.
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  Speaker 3: On August birth?
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  Speaker 2: What are you talking.
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  Speaker 1: About, Tariffreid?
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  Speaker 2: Do they change on July ninth or August birth?
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  Speaker 1: They're going to be tariffs, the tariffs.
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  Speaker 3: They're going to be the tariffs.
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  Speaker 2: I think we'll have most countries done by July ninth. Yeah, yeah, well,
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  Speaker 2: good thing. The tariffs are going to be the tariffs.
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  Speaker 2: Catherine Beard is the advocacy director for Business New Zealand
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  Speaker 2: with US Morning Catherine, Good morning. So does it look
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  Speaker 2: to you like what's going to happen is the letters
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  Speaker 2: go out this week and then the tariff's kick in
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  Speaker 2: on the first of August.
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  Speaker 3: Well it all sounds a bit confusing, doesn't it. So
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  Speaker 3: the countries that he's trying to do deals with and
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  Speaker 3: I think I've seen Japan and South Korea mentioned. You know,
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  Speaker 3: those will be kind of two way negotiations and they'll
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  Speaker 3: be finished, I guess when they're finished, and sometimes you know,
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  Speaker 3: those can be protracted, particularly if both sides keep going
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  Speaker 3: for another round. In New Zealand situation, I think we're
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  Speaker 3: just on a flat ten percent tariff, which is sort
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  Speaker 3: of the default, and it's the lowest level, so that's
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  Speaker 3: probably going to be less complicated, and that will arrive
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  Speaker 3: when it arrives. I think people were planning for tomorrow,
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  Speaker 3: but who knows. It's one of those regimes, isn't it
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  Speaker 3: where you wake up every morning and see what the
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  Speaker 3: latest is.
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  Speaker 2: Where are we at? We are we just taking are
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  Speaker 2: we accepting the ten percent tariff? Or are we fighting it?
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  Speaker 3: Look, I don't think there's any point in fighting it
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  Speaker 3: because it is the lowest rate. So the main thing
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  Speaker 3: for us is to have a level playing field, and
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  Speaker 3: if that's the best rate going then a little I
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  Speaker 3: would say, pit's quick country like New Zealand trying to
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  Speaker 3: get into negotiation with the big country out the United States.
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  Speaker 3: It's probably a David and Goliath arm restal and it's
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  Speaker 3: probably not worth.
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  Speaker 2: It, and we probably do not feature very high on
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  Speaker 2: the list of priority countries for striking a deal.
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  Speaker 3: Right, No, that's right. And look, if you get the
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  Speaker 3: ten percent, you're considered to be a good trade partner
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  Speaker 3: as basically you know the narrative.
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  Speaker 2: Catherine. By the way, what do you make of the
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  Speaker 2: government looking at the bank's tax.
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  Speaker 3: Yeah, look, I've just been reading about that in the
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  Speaker 3: media like everyone else, and yeah, but amusing because I
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  Speaker 3: was also reading I might have been in the Herald
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  Speaker 3: this week who the biggest corporate tax payers were, the
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  Speaker 3: top ten and the banks were all in there. So
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  Speaker 3: they're paying a lot of tax already.
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  Speaker 2: Yeah too, right, Catherine, Thank you very much, appreciate it.
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  Speaker 2: Catherine be a advocacy director for Business New Zealand.
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