Latest / Early Edition with Ryan Bridge / Kate Acland: Beef + Lamb New Zealand Chair on the US hiking tariffs to 12.5% and the potentially higher tariffs for lamb

Transcript

Kate Acland: Beef + Lamb New Zealand Chair on the US hiking tariffs to 12.5% and the potentially higher tariffs for lamb · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Export is steering down the barrel of a hike to
• 0:03
  Speaker 1: tariff sometime this week, probably from the Americans looking at
• 0:07
  Speaker 1: twelve and a half percent blanket better than the Canadians
• 0:09
  Speaker 1: who are getting fifty percent on twenty billion worth of goods.
• 0:14
  Speaker 1: But we don't actually know what we don't know at
• 0:16
  Speaker 1: this point. Kate Acklin, Beef and Lamb New Zealand share
• 0:18
  Speaker 1: with us Kate, good morning.
• 0:20
  Speaker 2: Morning Ryan.
• 0:21
  Speaker 1: So we don't I mean, I asked what stim Peters
• 0:23
  Speaker 1: about this the other day. We're actually not sure at
• 0:25
  Speaker 1: this point. We're just sort of we're sort of guessing,
• 0:27
  Speaker 1: but we're not actually sure.
• 0:29
  Speaker 2: No, Look, I can't help any further.
• 0:31
  Speaker 3: We really don't know, but we are anticipating that twelve
• 0:34
  Speaker 3: and a half percent will come on at some stage
• 0:37
  Speaker 3: in the next week.
• 0:39
  Speaker 1: Does it freak out when you see Canada getting fifty
• 0:41
  Speaker 1: percent or is that you said that is a different case.
• 0:44
  Speaker 3: No, Look, that's quite a different case. And you know
• 0:47
  Speaker 3: all of the processes. New Zealand's involved in a couple
• 0:49
  Speaker 3: of trade cases or issues at the moment went around Lamb,
• 0:52
  Speaker 3: and there's one case as well. These are quite separate investigations.
• 0:58
  Speaker 3: The Canada one's quite a different quite a different proposition.
• 1:02
  Speaker 1: Where are it with the LAMB one, Because there's a
• 1:05
  Speaker 1: whole bunch of Republicans and they're backed by some local
• 1:08
  Speaker 1: producers there who are pushing this quite hard.
• 1:12
  Speaker 2: Yeah, look they are, and it's just kicked off. So
• 1:14
  Speaker 2: you know there's going to be an investigation into lamb A.
• 1:18
  Speaker 2: It's carried out by something called the US International Trade Commission,
• 1:21
  Speaker 2: So that's quite separate from government, which is that's a
• 1:24
  Speaker 2: good thing. So it will follow an investigation that will
• 1:27
  Speaker 2: last about four months, and we've got the ability to
• 1:29
  Speaker 2: feed evidence into that and sax and data into that,
• 1:33
  Speaker 2: and you know, if they determine that injury has been
• 1:35
  Speaker 2: caused to local producers, then they'll come up with what
• 1:38
  Speaker 2: they call remedies, which could be a range of things,
• 1:41
  Speaker 2: including tariffs.
• 1:43
  Speaker 1: When you say it's quite separate to government, is anything
• 1:46
  Speaker 1: that separate to government in America these days?
• 1:51
  Speaker 3: Well?
• 1:52
  Speaker 1: Yes, I know there's nothing we can do about that,
• 1:55
  Speaker 1: is there. But I mean, on the whole, the twelve
• 1:58
  Speaker 1: and a half percent probably going to happen. We're prepared
• 2:01
  Speaker 1: for that.
• 2:03
  Speaker 2: We we are. I mean, remember we were at fifteen
• 2:06
  Speaker 2: only a short time ago. So you know our exporters
• 2:09
  Speaker 2: are getting very used to sort of expectingly unexpected or
• 2:12
  Speaker 2: they you know, this sort of a constant change. But look,
• 2:17
  Speaker 2: twelve and a half percent wouldn't be as bad as
• 2:21
  Speaker 2: you know, some might have expected.
• 2:22
  Speaker 1: Okay, thatacklan Bee from Land, New Zealand. She appreciate your
• 2:25
  Speaker 1: time this morning.
• 2:26
  Speaker 3: For more from Early Edition with Ryan Bridge, listen live
• 2:29
  Speaker 3: to News Talks it'd be from five am weekdays, or
• 2:32
  Speaker 3: follow the podcast on iHeartRadio