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."

LISTEN ABOVE

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."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Todd McClay: Trade Minister reacts to new tariffs set by the Trump administration

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3ff4acb4-fc46-47f0-a2fa-b2b4005436c1/transcript