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Jamie Mackay: The Country host on what Donald Trump's return to the White House means for trade · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from Newstalk ZB Follow this
• 0:13
  Speaker 1: and our wide range of podcast now on iHeartRadio.
• 0:16
  Speaker 2: Jamie McKay, host of the Countries with Us Right Now, Hey,
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  Speaker 2: Jamie Goday, Heather, what was Luxon doing at Mystery Creek?
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  Speaker 3: Well, some would say he was preaching to the choir.
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  Speaker 3: This is the first of a three stop tour along
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  Speaker 3: with Federated Farmers Chrystopher Luxe and Todd McClay Restoring Farmer
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  Speaker 3: Confidence Tour. But apparently the TV networks weren't that interested
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  Speaker 3: in this, hay Seed HEKOI, Heather, because there was a
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  Speaker 3: very little coverage, although I haven't been through both the
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  Speaker 3: network news feeds tonight to confirm or deny that look.
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  Speaker 3: Federated Farmers have launched this three stop tour with the
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  Speaker 3: PM and it has one aim and one aim only,
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  Speaker 3: and that's to restore key with farmer's confidence today at
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  Speaker 3: Mystery Creek, Friday at the Ashburton Events Center, and then
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  Speaker 3: next Wednesday at the ymum Field day Side, which is
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  Speaker 3: just outside of Gore. So no doubt I'll get a
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  Speaker 3: very eager reception. I think seven hundred farmers or something
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  Speaker 3: there today. But once again Yeah. To be honest, this
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  Speaker 3: government probably couldn't do any more for farming or farmers
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  Speaker 3: if I tried. So maybe he is preaching to the choir.
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  Speaker 2: Yeah, but remember he's fighting within his own team, right,
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  Speaker 2: So he wants Luxeon, wants the farmers to vote for him,
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  Speaker 2: and a lot of them vote for Acts.
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  Speaker 3: Now, well, I'll tell you what. The other thing here
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  Speaker 3: that a lot of them vote for New Zealand first. Shane,
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  Speaker 3: Dans and Winston are very very popular with the farmers,
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  Speaker 3: especially the old Prince of the Province's mar too ashamed
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  Speaker 3: with his no nonsense, anti woke rhetoric, goes down like
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  Speaker 3: a nice Emerson's Mackay's.
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  Speaker 2: Followed by a packet of chippies. Are they Heartland chippies?
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  Speaker 2: Is that what they are?
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  Speaker 3: Yeah? Yeah, that plug in line.
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  Speaker 2: Yeah, Sultan Vinna go obviously. Hey what's Rabobank saying about
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  Speaker 2: Donald Trump coming back to the White House and the
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  Speaker 2: implications for US?
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  Speaker 3: Well, Urson interesting what Trump could mean for US? I mean,
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  Speaker 3: the news is mainly bad news, believe it or not.
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  Speaker 3: The one real upside for US as an exporting nation
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  Speaker 3: appears to be that with Donald Trump or an impending
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  Speaker 3: Trump presidency, when he a second shift at the White
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  Speaker 3: House will lower the exchange rate. That's going to be
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  Speaker 3: beneficial for US. But when he gets in, there's going
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  Speaker 3: to be tax cuts to regulation, high defense spending. Tariffs,
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  Speaker 3: tariff's are the big one. All of these likely to
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  Speaker 3: lead to higher inflation, according to Rabobank, which will mean
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  Speaker 3: slower growth domestic product growth, and increased budget deficits. Now
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  Speaker 3: Trump's talked about these tariffs ten to twenty percent across
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  Speaker 3: the board, sixty percent on Chinese imports, even up to
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  Speaker 3: one hundred percent on Chinese electric vehicles imported from Mexico. Now,
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  Speaker 3: all of these negative things could mean that the Federal
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  Speaker 3: Reserve pauses rate the rate cutting cycle intrast rate cutting
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  Speaker 3: cycle twenty twenty five. We've got our OCR announcement tomorrow.
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  Speaker 3: It will be interesting to see what flow on effect
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  Speaker 3: that has for US. But in saying that the outside
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  Speaker 3: of this equation is the stronger a US dollar obviously
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  Speaker 3: is good for US. It's going to be good for
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  Speaker 3: New Zealand, grain, oil seed, dairy, and BFx sports. The
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  Speaker 3: downsiders A lot of these countries that have big trade
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  Speaker 3: surpluses with the US, such as Indonesia, Vietnam, South Korea, Japan,
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  Speaker 3: and China could create economic pressure there. That's bad for
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  Speaker 3: us because we export to them too.
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  Speaker 2: Right, Jamie, thank you, Enjoy your beer. That's Jamie mckaye,
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  Speaker 2: host of the Country.
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  Speaker 1: For more from News talksb listen live on air or online,
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  Speaker 1: and keep our shows with you wherever you go with
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