Latest / Best of Business / Liam Dann: NZ Herald business editor at large on Donald Trump announcing 25 percent tariffs on car imports to US

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Liam Dann: NZ Herald business editor at large on Donald Trump announcing 25 percent tariffs on car imports to US · Best of Business

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  Speaker 1: You're listening to a podcast from news Talk zed be
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  Speaker 2: Liam Dan is with us at Donald Trump announcing today
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  Speaker 2: twenty five percent tariffs on global car imports that includes
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  Speaker 2: car parks. This is ahead of the car parks. I
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  Speaker 2: should say this ahead of April second, when he's announcing
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  Speaker 2: all the reciprocal tariffs. Liam Dan the Herald's Business editor
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  Speaker 2: at large. Liam, Good evening, gooday, Ryan, Good to have
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  Speaker 2: you back. Ye now, yeah, yeah, Well, you're going.
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  Speaker 3: To hear a lot about this in the next few days,
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  Speaker 3: I guess as we as markets especially start to sort
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  Speaker 3: of get excited about April second, which I guess is Wednesday,
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  Speaker 3: but maybe maybe Thursday morning, we'll find out in New
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  Speaker 3: Zealand exactly what we've copped and what the world has
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  Speaker 3: copped in terms of this tariff policy, which has been
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  Speaker 3: flip blobbing around for a few months. So be nice
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  Speaker 3: to get some certain do you.
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  Speaker 2: I suppose it will, But there was some reprieve yesterday
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  Speaker 2: when the administration seemed to indicate that might pull back
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  Speaker 2: a little bit on on on the extent of them.
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  Speaker 3: Yeah, and which you know makes you think you'd be
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  Speaker 3: pretty brave to bet on it being the final word
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  Speaker 3: next week, because it seems to be that depending on
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  Speaker 3: what's happening with markets and what's happening with the US economy,
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  Speaker 3: it can be a moving feast. But you know, they've
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  Speaker 3: said this is the date they've had a look at
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  Speaker 3: it all. They're looking at reciprocal tariffs, which thankfully New
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  Speaker 3: Zealand doesn't have a lot of tariffs on on its.
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  Speaker 4: Goods, on imputs these days.
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  Speaker 3: So you know, the hope is that we're not directly
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  Speaker 3: in the firing line. But yeah, just just some certainty,
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  Speaker 3: I mean, at some point that you know that the
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  Speaker 3: markets can cope, they'll price it in and they'll get
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  Speaker 3: on with things. But at the moment, you know, the
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  Speaker 3: damage being done to you key we save account and
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  Speaker 3: the sort of ups and downs of Wall Street every
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  Speaker 3: morning in New Zealand, you know, really causing a fair
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  Speaker 3: bit of global turmoil, say for the you know, for
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  Speaker 3: the global economy.
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  Speaker 2: And even not just the shear markers, but also just
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  Speaker 2: the pause on investment as well. What about these car
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  Speaker 2: terraffs specifically. I thought it was interesting today reading that
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  Speaker 2: the share market responded by and this is the stocks
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  Speaker 2: in American car manufacturers were actually down off the back
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  Speaker 2: of this. You would have thought it would be the
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  Speaker 2: other way around. What's going on here.
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  Speaker 3: Yeah, they've raised this concern and they've been I guess
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  Speaker 3: rebuffed at this point. But you know, it's very difficult
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  Speaker 3: because of you know, up until the last Donald Trump presidency,
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  Speaker 3: there was a real free trade agreement NAFTA in the US,
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  Speaker 3: and so cars in America are made of bits from Mexico,
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  Speaker 3: bits from Canada, and some of them assembled in the US,
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  Speaker 3: some of them assembled so you know, so all the technology,
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  Speaker 3: you know, the smart technology might be made in the
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  Speaker 3: US and they might be then assembled in Mexico. So
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  Speaker 3: it's it's very hard to work out, you know exactly,
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  Speaker 3: you know how how it's going to affect the car makers,
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  Speaker 3: but it's it's not not promising for them, and especially
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  Speaker 3: you know, a lot of them international players. So there's
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  Speaker 3: a lot of concern that China is going to sort
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  Speaker 3: of fill the gap around the world if if the
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  Speaker 3: US cops sort of retaliatory trade. You know, people people
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  Speaker 3: don't want to send their cars there because of the tariffs,
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  Speaker 3: there will be retaliation. China is poised with this incredible
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  Speaker 3: sort of output manufacturing output of evs at the moment
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  Speaker 3: to send their b y d s and so on
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  Speaker 3: into into the world. So there is some talk that
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  Speaker 3: we could we could see some benefits from that. If
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  Speaker 3: you like the look of the Chinese by D s.
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  Speaker 2: I do. Actually, I've seen a couple of them go
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  Speaker 2: past in the traffic lately and I thought, yeah, they
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  Speaker 2: look they look quite good. Actually, I don't know.
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  Speaker 3: It seemed quite good at making us something that looks
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  Speaker 3: like a proper CUV.
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  Speaker 4: And apparently their battery technology is very good. So they've
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  Speaker 4: invested billions over there in the battery technology. So that's,
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  Speaker 4: you know, the thing for New Zealander, isn't it making
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  Speaker 4: sure you could actually get away camping and back and
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  Speaker 4: do the distances that people like to do on the holidays.
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  Speaker 2: Yeah, good point, Lim. Thank you very much for that.
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  Speaker 2: Great to have you on. As always, Liam Dan, the
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  Speaker 2: Herald's Business editor, are at large
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