Latest / Best of Business / Jamie Mackay: The Country host reveals how New Zealand's rural sector responded to the Trump tariffs

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Jamie Mackay: The Country host reveals how New Zealand's rural sector responded to the Trump tariffs · Best of Business

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  Speaker 1: You're listening to a podcast from News Talk ZEDB. Follow
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  Speaker 2: Jamie mckaye hosted The Country with Me tonight Jamie good Evening. Gooday, Ryan, Now,
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  Speaker 2: what's the reaction been like the rural sector to the
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  Speaker 2: tariff announcement today from Donald Trump?
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  Speaker 3: Well, well, it depends on who you're listening to. I
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  Speaker 3: heard just talking to Tod McLay Ryan just after five o'clock,
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  Speaker 3: and I've seen Luxeon saying tariffs are no good for
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  Speaker 3: anybody on the world stage. Yet I spoke to Winston Peters,
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  Speaker 3: obviously Foreign Affairs Minister. Some people would say he's a
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  Speaker 3: bit pro America, but he thought it was a good
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  Speaker 3: result for US, and I guess when you look at
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  Speaker 3: some of the other countries like Cambodia and Vietnam, relatively,
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  Speaker 3: it's a good result from a primary sector point of view, Ryan,
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  Speaker 3: I don't think dairy will be too badly affected, although
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  Speaker 3: in sane that only six percent of our dairy stuff
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  Speaker 3: goes to the US. But our biggest market for dairy
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  Speaker 3: is obviously China. With a thirty four percent tariff, their
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  Speaker 3: economy is obviously going to be affected by this. So
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  Speaker 3: really the clicker for us is what effect it has
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  Speaker 3: on other economies or other customers. I think, from a
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  Speaker 3: primary sector point of view, just my take on it,
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  Speaker 3: meat and wine would be the worst effect. You take
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  Speaker 3: the United States as our biggest red meat market. When
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  Speaker 3: it comes to sheep meat, it's second only to China,
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  Speaker 3: and when it comes to beef, it's the biggest by
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  Speaker 3: a country mile, almost twice out of China. So you know,
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  Speaker 3: nine billion dollars, as Tod McClay said, that's a nine
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  Speaker 3: hundred million dollar tariff. We're better off than a lot
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  Speaker 3: of countries. But I think we'd be better off without them.
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  Speaker 2: Yeah, well the whole world would be, wouldn't we. Did
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  Speaker 2: you remember when Donald Trump tweeted on a whatever you
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  Speaker 2: call it on his truth social site about an agriculture
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  Speaker 2: It seemed to imply there was a specific agriculture tariff
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  Speaker 2: coming and we were a bit worried about that. I'm assuming, Jamie,
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  Speaker 2: this is what he was talking about, and that it
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  Speaker 2: will benefit agriculture American agricultural producers rather than a specific
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  Speaker 2: agricultural tariff. Is that your understanding too?
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  Speaker 3: Well? The man confuses me to be perfectly Honest, I
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  Speaker 3: can't quite figure out how he's figured out that he's
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  Speaker 3: paying a twenty percent tariff to put stuff into New Zealand.
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  Speaker 3: I've heard all sorts of explanations how that number's gone about,
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  Speaker 3: but it would be primary school maths, bad primary school
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  Speaker 3: maths he's used to come up with that number. Look,
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  Speaker 3: I think certainly in the short term, maybe in the
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  Speaker 3: medium term we're just going to have to put up
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  Speaker 3: with it. And maybe, and there is as once Peter
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  Speaker 3: said that I on my show, there is possibilities that
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  Speaker 3: markets could open up for us elsewhere where we can
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  Speaker 3: be more competitive because of our lower tariff right into
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  Speaker 3: the US. So look, we'll see how it plays out.
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  Speaker 3: But I'm with Luxan on this one. We'd be better
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  Speaker 3: off without the tariffs.
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  Speaker 2: Very briefly, Jamie, we've got this twenty four year old
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  Speaker 2: Meghan White who is going for gold, the only female
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  Speaker 2: contestant and the young farmer regional finals.
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  Speaker 3: Well, the last of the of their regional finals, remember
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  Speaker 3: the seven of them. The last of them is happening
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  Speaker 3: this weekend down in Winton and Southland Heartland, Southland, and
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  Speaker 3: she is the only female finalist and all the rest
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  Speaker 3: of males obviously, so if she were to get through
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  Speaker 3: and win that Otago Southland regional final, she would be
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  Speaker 3: the only female finalist. The other six regional finalists already decided.
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  Speaker 3: Our blogs remembering Emma Emma Paul one the young farmer
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  Speaker 3: of the Air Grand Final, first female and only female
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  Speaker 3: to do so in twenty twenty three. But look this
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  Speaker 3: three first time is, and there'll be another first time
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  Speaker 3: a coming out of Otago Southland. But the ones to
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  Speaker 3: keep an eye on, I'm hearing Hugh Jackson bay Plenty,
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  Speaker 3: second time finalist. He finished third behind Emma Paul in
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  Speaker 3: twenty twenty three. George Leatham at a Tasman, Gareth Gareth
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  Speaker 3: mckirche out of Arangi, both second time is. Both were
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  Speaker 3: in the Grand Final last year. So watch out for
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  Speaker 3: those three names. And I'm hearing Hugh Jackson's the favorite.
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  Speaker 3: I've probably just given him the commentator's kiss of death.
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  Speaker 2: Ryan, Yes you might have. Jamie, appreciate your time. Jamie
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  Speaker 2: mckaye hosted the Country and Good Luck to Megan White
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  Speaker 2: of course as well.
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