Todd McClay: Trade Minister reacts to new tariffs set by the Trump administration
The Government's questioning the numbers the US is using to justify new tariffs.
The Trump administration claims it is imposing a 10 percent tariff on our goods, in response to New Zealand's 20 percent tariff on US goods.
But Trade Minister Todd McClay says our tariffs average under 2 percent, with the highest about 5 percent.
"It looks like they've used a different type of calculation as to balance of trade as opposed to tariff rate for some reason."
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