The Trade Minister says he's taking potential disruption to trade very seriously.  

US President Donald Trump has sent stocks tumbling across the world after lumping tariffs on China, Canada and Mexico, who are promising retaliation.

Todd McClay says it'll directly affect New Zealand companies in those countries - such as Fisher and Paykel in Mexico.

He says it could move us even closer to China, especially for products like beef. 

"They will still need the beef that they're bringing from the rest of the world from the US on the restaurant table or the supermarket shelves."

LISTEN ABOVE

The Trade Minister says he's taking potential disruption to trade very seriously. &nbsp;
US President Donald Trump has sent stocks tumbling across the world after lumping tariffs on China, Canada and Mexico, who are promising retaliation.
Todd McClay says it'll directly affect New Zealand companies in those countries - such as Fisher and Paykel in Mexico.
He says it could move us even closer to China, especially for products like beef.&nbsp;
"They will still need the beef that they're bringing from the rest of the world from the US on the restaurant table or the supermarket shelves."
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 unpacks what Donald Trump's proposed tariffs could mean for New Zealand

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/672561c3-e8e3-407f-b309-b29700509a0f/transcript