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Speaker 1: Crayon Bridge shade tariffs are in place now, they've been

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Speaker 1: in place for just over an hour. It's ten percent

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Speaker 1: for Kiwi goods heading to the United States. James Annabel

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Speaker 1: is the founder of Egmont. Honey, he's with me tonight.

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Speaker 1: Got stuff hitting that way, James, Good evening.

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Speaker 2: Good evening, Ryan, thanks for having me.

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Speaker 1: Good to have you on. So just how well, what

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Speaker 1: have you got in the ocean at the moment heading

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Speaker 1: to the States, And what's the deal with the tariffs.

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Speaker 2: Yeah, we've got five or six containers on the water,

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Speaker 2: which I believe are exempt actually, which is great. But

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Speaker 2: I know for a fact that we've sort of we've

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Speaker 2: got about ten containers due to leave sort of end

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Speaker 2: of April May, which will all be subject to ten

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Speaker 2: percent tariffs. So we're obviously scrambling when we got the

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Speaker 2: news last week.

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Speaker 1: The ones that are exempt, you mean, because they are

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Speaker 1: already on the water, they won't face the charge. That's

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Speaker 1: happened too soon.

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Speaker 2: Yeah, that's right. So I believe anything that left kind

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Speaker 2: of after Saturday, well before Saturday last week, we're exempt.

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Speaker 2: I could be wrong there, as an expert'll probably bring

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Speaker 2: it in some wrong, but we understand that what's on

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Speaker 2: the water now is okay, but the containers to come

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Speaker 2: are all going to be yeah, subject that ten percent.

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Speaker 1: And for the honey that's going in April, have you

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Speaker 1: figured out whether you'll be able to pass that on

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Speaker 1: to your consumers?

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Speaker 2: Yeah, Look, we're in it. We're in a situation where

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Speaker 2: we've got a bit of a pipeline fill because we've

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Speaker 2: just won a big, big chunk of business with Costco USA,

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Speaker 2: so we Yeah, we obviously jumped on emails pretty quick

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Speaker 2: to try and get a meeting with the buyer, and

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Speaker 2: luckily he was pretty responsive and he's actually allowed us

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Speaker 2: to pass that ten percent onto them, So we've escaped

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Speaker 2: it pretty well. And of course, when you're when you're

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Speaker 2: tendering for that kind of work, you know he put

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Speaker 2: your best foot forward anyway, So we couldn't afford really

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Speaker 2: to to suck up ten percent and he knew that.

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Speaker 2: So I guess it's the US consumer that will well

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Speaker 2: will take the brunt.

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Speaker 1: Of they'll have to wear it in our case, yeah,

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Speaker 1: will they buy less?

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Speaker 2: Look, I guess that's always the conundrum we're in, you know,

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Speaker 2: economic uncertain times. Are people going to pay an extra

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Speaker 2: ten percent for manucure. I mean, it's already a premium product.

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Speaker 2: But if I guess, if you know, if your household shop,

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Speaker 2: your price of everything's going up, you're certainly going to

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Speaker 2: be considering you need a pot of Manuka honey. But

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Speaker 2: you know, places like Costco they're pretty competitive anyway, so

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Speaker 2: we're not too concerned at the moment.

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Speaker 1: James, good to have you on the show. And who

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Speaker 1: doesn't want Look, even if it's ten percent extra, you

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Speaker 1: justtill want your Eggmont honey, don't you? James Annabel, founder

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Speaker 1: of Igmont Honey. For more from Hither Duplessy Allen Drive,

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Speaker 1: listen live to news talks.

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Speaker 2: It'd be from four pm weekdays, or follow the podcast

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Speaker 2: on iHeartRadio