The Trade Minister is laying bare the cost of Donald Trump's tariffs for New Zealand. 

The US President is imposing 25 percent tariffs for all steel and aluminium imports - and says there'll be no exceptions.

Todd McClay says that's not surprising, following similar moves by Trump in his first term.

He says it won't significantly impact us, especially compared to exports like beef and wine. 

"For New Zealand exporters, we will face about an extra $5 million of tariffs - plus or minus - that's on about $150 million total of exports."

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