Mike's Minute: Tariff backdown is a big win for NZ Inc.
Big win for NZ Inc. and a lesson for everyone who doesn’t understand tariffs.
Donald Trump has cut tariffs on beef and the beneficiaries are largely New Zealand, Australia and Brazil.
Brazil has had a 50% tariff so they will be thrilled.
We are at 15% and it's 10% for Australia. We may not benefit as much but given we are “balling”, as they say anyway, anything that gives us a chance to sell more has got to be welcome.
The latest figures show that we have had a fall off in volumes of beef to the U.S. What's helping us is the value.
Volume is one thing, value is another.
If…
The skinny
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