1 00:00:00,360 --> 00:00:02,480 Speaker 1: If you ever doubted Trump and his tariff tactics have 2 00:00:02,560 --> 00:00:05,480 Speaker 1: a word with Columbia, they wouldn't let a plane land yesterday. 3 00:00:05,519 --> 00:00:07,480 Speaker 1: So tariff's twenty five percent and they were going to 4 00:00:07,520 --> 00:00:10,400 Speaker 1: fifty percent in a week. There were finance crackdowns, blockades 5 00:00:10,440 --> 00:00:12,080 Speaker 1: all over the place on travel with the now as 6 00:00:12,080 --> 00:00:14,920 Speaker 1: the president of Columbia of course buckled. So the future 7 00:00:14,960 --> 00:00:17,759 Speaker 1: of tariff's under Trump with the New Zealand International Business 8 00:00:17,760 --> 00:00:20,439 Speaker 1: Forum Executive Director Stephen Jacob Stephen, good. 9 00:00:20,360 --> 00:00:23,480 Speaker 2: Morning, good morning, make nice to talk to you, Jem. 10 00:00:23,520 --> 00:00:25,920 Speaker 1: Columbia was a weird one because of course the you know, 11 00:00:25,960 --> 00:00:27,520 Speaker 1: the border and all of that sort of stuff, and 12 00:00:27,520 --> 00:00:29,360 Speaker 1: we won't have to deal with it. Do we should 13 00:00:29,400 --> 00:00:31,319 Speaker 1: we be worried about what he's doing and what he 14 00:00:31,320 --> 00:00:33,319 Speaker 1: looks like he's going to do. Well. 15 00:00:33,360 --> 00:00:36,520 Speaker 2: I do think that, you know, Trump's sort of bulk 16 00:00:37,120 --> 00:00:41,000 Speaker 2: tariff polity does cause you know, considerable anxiety for New Zealand, 17 00:00:41,040 --> 00:00:43,080 Speaker 2: as it does with people around the world. But he's 18 00:00:43,120 --> 00:00:45,720 Speaker 2: taking a bit of time actually to get really moving 19 00:00:45,760 --> 00:00:48,040 Speaker 2: on the substandard part of his agenda. 20 00:00:48,400 --> 00:00:50,040 Speaker 1: Yeah, I noticed the other day didn't have a number 21 00:00:50,080 --> 00:00:52,960 Speaker 1: for Canada. So is this negotiating let's say twenty five 22 00:00:53,080 --> 00:00:55,920 Speaker 1: start there and end up at ten or something like that. 23 00:00:57,000 --> 00:00:59,480 Speaker 2: Well, you know, who knows what the numbers it will 24 00:00:59,520 --> 00:01:01,400 Speaker 2: be at the end of the day. But what he's 25 00:01:01,440 --> 00:01:03,520 Speaker 2: doing at the moment he has commissioned and he did 26 00:01:03,520 --> 00:01:06,160 Speaker 2: that on his Thursday in office. He commissioned a quite 27 00:01:06,200 --> 00:01:09,440 Speaker 2: a wide ranging review of US trade policy across a 28 00:01:09,560 --> 00:01:12,039 Speaker 2: number of different areas. And that review has to come 29 00:01:12,080 --> 00:01:14,160 Speaker 2: back to him by first of April. Kind of a 30 00:01:14,200 --> 00:01:17,520 Speaker 2: significant date when you think about it, and what he's 31 00:01:17,560 --> 00:01:19,600 Speaker 2: wanting to do in that process is set up the 32 00:01:19,640 --> 00:01:23,120 Speaker 2: machinery and the legal groundwork for his terror of policy. 33 00:01:23,160 --> 00:01:26,880 Speaker 2: It's not quite as simple as it sometimes then. Yes, 34 00:01:26,920 --> 00:01:31,000 Speaker 2: and emergencies or guy situations or national security or something, 35 00:01:31,040 --> 00:01:33,600 Speaker 2: you can do all sorts of things, but for a 36 00:01:33,640 --> 00:01:36,160 Speaker 2: more sustained policy you need to get you know, you 37 00:01:36,200 --> 00:01:38,080 Speaker 2: need to dop the eyes across the peace. And that's 38 00:01:38,080 --> 00:01:40,480 Speaker 2: what he is doing now. So I know we'll have 39 00:01:40,520 --> 00:01:43,560 Speaker 2: to see what happens with that, but I think he's 40 00:01:43,600 --> 00:01:46,720 Speaker 2: setting out processes to move forward with his agenda. 41 00:01:46,920 --> 00:01:49,640 Speaker 1: I was watching Jamie Diamond and Dabos last week and 42 00:01:49,680 --> 00:01:51,600 Speaker 1: he said, get used to it. They are a tool 43 00:01:51,720 --> 00:01:54,520 Speaker 1: they're real, it's happening. Do we have to adjust the 44 00:01:54,760 --> 00:01:55,920 Speaker 1: world of free trades. 45 00:01:55,680 --> 00:01:59,800 Speaker 2: Eber boy, that's a big question now, first thing in 46 00:01:59,800 --> 00:02:01,520 Speaker 2: the in the year. But because I think we have 47 00:02:01,600 --> 00:02:04,120 Speaker 2: to adjust to a new reality. Certainly, you know, is 48 00:02:05,080 --> 00:02:08,240 Speaker 2: we train over completely? I don't think so. And his 49 00:02:08,280 --> 00:02:12,560 Speaker 2: globalization over I certainly hope not. But we certainly have 50 00:02:12,680 --> 00:02:14,880 Speaker 2: to adjust to a new reality in the United States 51 00:02:14,880 --> 00:02:17,480 Speaker 2: into a different sort of leadership, not one that is 52 00:02:17,520 --> 00:02:19,960 Speaker 2: trying to make the world a fear and more open, 53 00:02:20,000 --> 00:02:22,079 Speaker 2: but one that's trying to close things up. And I've 54 00:02:22,080 --> 00:02:23,919 Speaker 2: got lots of their lives with us around the world, 55 00:02:23,960 --> 00:02:27,200 Speaker 2: and that what's New Zealand and a rather precarious position 56 00:02:27,320 --> 00:02:29,440 Speaker 2: being in mind the sorts of things we've come to 57 00:02:29,480 --> 00:02:31,520 Speaker 2: rely on in recent years and the need we have 58 00:02:31,919 --> 00:02:34,320 Speaker 2: to make sure there are rules in place to protect 59 00:02:34,400 --> 00:02:36,919 Speaker 2: us from these sorts of actions from you know, from 60 00:02:36,919 --> 00:02:37,800 Speaker 2: our trading partners. 61 00:02:37,840 --> 00:02:39,800 Speaker 1: Always a pleasure to Steve and go well Stephen Jacoby, 62 00:02:39,840 --> 00:02:43,359 Speaker 1: New Zealand International Business Forum Executive Director. For more from 63 00:02:43,360 --> 00:02:46,480 Speaker 1: the Mic Asking Breakfast, listen live to news talks. It'd 64 00:02:46,480 --> 00:02:50,320 Speaker 1: be from six am weekdays, or follow the podcast on iHeartRadio.