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."

LISTEN ABOVE

The Trade Minister is laying bare the cost of Donald Trump's tariffs for New Zealand.&nbsp;
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.&nbsp;
"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."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Todd McClay: Trade Minister outlines the costs of Trump's tariffs for New Zealand

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/133b1ece-ee40-4c9a-9c15-b2810065c248/transcript