Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

Lack of clarity around US tariff decisions - Trade Minister


It's unclear what the flow-on effect will be for New Zealand of new United States' tariffs on Chinese imports, the Trade Minister says.

David Parker says that rising protectionism is not good for New Zealand, or the rest of the world. Photo: RNZ / Richard Tindiller

Donald Trump plans to impose $US60 billion in tariffs on Chinese goods and limit the country's investment in the US as payback for what he says is years of intellectual property theft.

The US President also announced that members of the European Union, Canada, Mexico and Australia will be exempt from tariffs on imports of steel and aluminium to the US.

Trade Minister David Parker said rising protectionism was not good for the economy.

"It's clear that rising protectionism in the world is not good for New Zealand or the world economy, in terms of what's going to be the effect on steel in New Zealand for example, it's still not clear.

"What's going on in the United States is 'a constantly moving feast', that's the phrase that the New Zealand ambassador to the US used this morning when I spoke with him on the phone trying to get some clarity around this."

Any clarity would have to come through a presidential decision, Mr Parker said.

"There's still a lack of clarity as to how they're going to apply tariffs, when, on whom, whether they're an interim measure, whether they're going to move to quotas for steel imports from some countries above which they pay tariffs."

Mr Parker said New Zealand had been seeking a specific exemption on steel tariffs at every level in government with letters written to President Trump and the US trade representative. He said contact had also been made with the US ambassador to New Zealand who was doing his best within the constraints of his role.


© Scoop Media

 
 
 
Top Scoops Headlines

 

Gordon Campbell On Labour’s Timidity:

What an odd post-Cabinet press conference that was yesterday, from PM Jacinda Ardern and Finance Minister Grant Robertson ... More>>

Gordon Campbell: On The Prevailing Media Narratives About The Govt Coalition

The media reports the facts…. but that’s not the end of it, and nor should it be. It also marshals those facts and creates a story from them, usually one with a moral that’s implied or explicit. After six months though, it is still unclear just what the dominant media narrative is of the coalition government. Is it Idealistic But Impractical? Is its Heart in the Right Place, but is it Taking On Too Much? Is the coalition proving to be Fractious And Unstable, or is it Surprisingly Adept at Keeping Its Inherent Rifts Out of the Public Eye? More>>

RNZ Explainer: Why You Should Care About Cambridge Analytica

Facebook's shares have lost billions of dollars in value after something to do with data used by Cambridge Analytica. Confused? Here's what it means, and what could come next...More>>


Gordon Campbell: On The (Looming) Nurses’ Strike

It is (almost) possible to feel a bit sorry for the DHB negotiators engaged in the current nurses pay round. Come next Monday there’s every sign that nurses will resoundingly reject the pay offer the DHBs have put on the table, as being totally inadequate...More>>

Gordon Campbell: On A Trade War With China

As things currently stand, the White House has NOT included New Zealand on its list of allies whose steel and aluminium exports to the US will be exempted from US President Donald Trump’s recent hike in tariffs. More>>

Gordon Campbell: On Credibility In Politics

Credibility is always such a fickle, unstable element in politics. You know it when you see it, though. More>>

Video And Report: Cory Doctorow Talks Machine Learning And Big Data

International internet and digital technology commentator Cory Doctorow talked about machine learning and big data at the Privacy Commissioner’s PrivacyLive event on 13 March 2018 in Wellington. More>>

 
 
 
 
 
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog