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4 Aug 2025 16:23
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      Home > News > Business

    Donald Trump's latest tariff announcement looks set to hit our meat industry in the back pocket

    Donald Trump's latest tariff announcement looks set to hit our meat industry in the back pocket

    4 August 2025
    Trade Minister Todd McClay is heading to Washington in the coming weeks to argue our case, following Trump's decision to raise tariffs on New Zealand goods.

    We'll now face a 15-percent tariff, while Australia and the UK still face a 10-percent rate.

    Beef & Lamb Chair Kate Acland says our exporters may have to absorb that five-percent difference.

    She says that will equate to about 300-million dollars in extra tariffs a year, if trade levels stay the same.

    © 2025 Newstalk ZB, NZCity


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