1 00:00:00,080 --> 00:00:02,920 Speaker 1: Liam Dan is with us at Donald Trump announcing today 2 00:00:03,120 --> 00:00:07,640 Speaker 1: twenty five percent tariffs on global car imports that includes 3 00:00:07,720 --> 00:00:10,479 Speaker 1: car parks. This is ahead of the car parks, I 4 00:00:10,480 --> 00:00:13,520 Speaker 1: should say this ahead of April second, when he's announcing 5 00:00:13,520 --> 00:00:16,680 Speaker 1: all the reciprocal tariffs. Liam Dan, the Herald's Business editor 6 00:00:16,680 --> 00:00:19,759 Speaker 1: at large. Liam Good evening. Gooday, Ryan, Good to have 7 00:00:19,800 --> 00:00:20,160 Speaker 1: you back. 8 00:00:20,280 --> 00:00:22,200 Speaker 2: Yep. Now, yeah, yeah, Well you're going to hear a 9 00:00:22,239 --> 00:00:24,840 Speaker 2: lot about this in the next few days, I guess, 10 00:00:24,880 --> 00:00:29,000 Speaker 2: as we as markets especially start to sort of get 11 00:00:29,040 --> 00:00:32,760 Speaker 2: excited about April second, which I guess is Wednesday, but 12 00:00:32,920 --> 00:00:36,479 Speaker 2: maybe maybe Thursday morning, we'll find out in New Zealand 13 00:00:36,520 --> 00:00:39,159 Speaker 2: exactly what we've copped and what the world has copped 14 00:00:39,600 --> 00:00:43,080 Speaker 2: in terms of this tariff policy, which has been flip 15 00:00:43,080 --> 00:00:45,360 Speaker 2: flopping around for a few months. So be nice to 16 00:00:45,400 --> 00:00:46,199 Speaker 2: get some certain, do you. 17 00:00:46,159 --> 00:00:49,239 Speaker 1: I suppose it will, But there was some reprieve yesterday 18 00:00:49,360 --> 00:00:52,599 Speaker 1: when the administration seemed to indicate they might pull back 19 00:00:52,640 --> 00:00:55,400 Speaker 1: a little bit on the extent of them. 20 00:00:56,760 --> 00:00:59,720 Speaker 2: Yeah, and which makes you think you'd be pretty brave 21 00:00:59,760 --> 00:01:02,800 Speaker 2: to be on it being the final word next week, 22 00:01:03,120 --> 00:01:06,119 Speaker 2: because it seems to be that depending on what's happening 23 00:01:06,120 --> 00:01:09,720 Speaker 2: with markets and what's happening with the US economy, it 24 00:01:09,760 --> 00:01:12,559 Speaker 2: can be a moving feast. But you know, they've said 25 00:01:12,600 --> 00:01:14,040 Speaker 2: this is the date they've had a look at it all. 26 00:01:14,080 --> 00:01:18,119 Speaker 2: They're looking at reciprocal tariffs, which thankfully New Zealand doesn't 27 00:01:18,120 --> 00:01:21,720 Speaker 2: have a lot of tariffs on on its goods on 28 00:01:21,800 --> 00:01:25,400 Speaker 2: imports these days. So you know, the hope is that 29 00:01:25,440 --> 00:01:29,120 Speaker 2: we're not directly in the firing line. But yeah, just 30 00:01:29,120 --> 00:01:32,120 Speaker 2: just some certainty, I mean, at some point that you 31 00:01:32,160 --> 00:01:35,080 Speaker 2: know that the markets can cope, they'll price it in 32 00:01:36,120 --> 00:01:38,319 Speaker 2: and they'll get on with things. But at the moment, 33 00:01:38,720 --> 00:01:40,640 Speaker 2: you know, the damage being done to your key we 34 00:01:40,680 --> 00:01:43,880 Speaker 2: savor account and the sort of ups and downs of 35 00:01:43,880 --> 00:01:47,960 Speaker 2: Wall Street every morning in New Zealand, you know, really 36 00:01:48,120 --> 00:01:52,040 Speaker 2: causing a fair bit of global turmoil, i'd say for 37 00:01:52,520 --> 00:01:54,840 Speaker 2: the you know, for the global economy. 38 00:01:55,040 --> 00:01:57,920 Speaker 1: And even not just the sheer markers, but also just 39 00:01:57,920 --> 00:02:01,840 Speaker 1: the pause on investment as well. What about these car 40 00:02:02,120 --> 00:02:06,440 Speaker 1: terraffs specifically. I thought it was interesting today reading that 41 00:02:06,600 --> 00:02:10,800 Speaker 1: the sheer market responded by and this is the stocks 42 00:02:11,040 --> 00:02:14,000 Speaker 1: and American car manufacturers were actually done off the back 43 00:02:14,040 --> 00:02:15,239 Speaker 1: of this. You would have thought it would be the 44 00:02:15,320 --> 00:02:17,079 Speaker 1: other way around what's going on here. 45 00:02:18,000 --> 00:02:21,880 Speaker 2: Yeah, they've raised this concern and they've been I guess 46 00:02:21,919 --> 00:02:25,000 Speaker 2: rebuffed at this point. But you know, it's very difficult 47 00:02:25,000 --> 00:02:29,040 Speaker 2: because of you know, up until the last Donald Trump presidency, 48 00:02:29,440 --> 00:02:32,600 Speaker 2: there was a real free trade agreement NAFTA in the US, 49 00:02:32,639 --> 00:02:36,640 Speaker 2: and so cars in America are made of bits from Mexico, 50 00:02:36,680 --> 00:02:39,480 Speaker 2: bits from Canada, and some of them assembled in the US, 51 00:02:39,480 --> 00:02:42,919 Speaker 2: some of them assemb so you know, so all the technology, 52 00:02:43,240 --> 00:02:45,040 Speaker 2: you know, the smart technology might be made in the 53 00:02:45,120 --> 00:02:49,079 Speaker 2: US and they might be then assembled in Mexico. So 54 00:02:49,200 --> 00:02:54,200 Speaker 2: it's it's very hard to work out, you know exactly, 55 00:02:55,320 --> 00:02:57,799 Speaker 2: you know, how how it's going to affect the car makers, 56 00:02:57,800 --> 00:03:02,519 Speaker 2: but it's it's not but not promising for them, and 57 00:03:02,600 --> 00:03:06,720 Speaker 2: especially you know, a lot of them international players. So 58 00:03:07,120 --> 00:03:08,960 Speaker 2: there's a lot of concern that China is going to 59 00:03:08,960 --> 00:03:12,720 Speaker 2: sort of fill the gap around the world if the 60 00:03:12,840 --> 00:03:17,880 Speaker 2: US cops sort of retaliatory trade. You know, people people 61 00:03:17,919 --> 00:03:20,040 Speaker 2: don't when you send their cars there because of the tariffs, 62 00:03:20,280 --> 00:03:23,880 Speaker 2: there will be retaliation. China is poised, with this incredible 63 00:03:23,960 --> 00:03:27,640 Speaker 2: sort of output manufacturing output of evs at the moment 64 00:03:27,680 --> 00:03:31,520 Speaker 2: to send their byds and so on into the world, 65 00:03:31,560 --> 00:03:33,679 Speaker 2: So there is some talk that we could we could 66 00:03:33,720 --> 00:03:36,360 Speaker 2: see some benefits from that. If you like the look 67 00:03:36,400 --> 00:03:38,160 Speaker 2: of the Chinese by ds. 68 00:03:38,720 --> 00:03:40,440 Speaker 1: I do. Actually, I've seen a couple of them go 69 00:03:40,520 --> 00:03:43,360 Speaker 1: past in the traffic lately and I thought, yeah, they 70 00:03:43,360 --> 00:03:45,960 Speaker 1: look they look quite good. Actually, I don't know. 71 00:03:46,080 --> 00:03:48,320 Speaker 2: I seem quite good at making us something that looks 72 00:03:48,360 --> 00:03:51,680 Speaker 2: like a proper suv. And apparently their battery technology is 73 00:03:51,760 --> 00:03:55,000 Speaker 2: very good, so they've they've invested billions over there in 74 00:03:55,040 --> 00:03:58,200 Speaker 2: the battery technology. So that's you know the thing for 75 00:03:58,320 --> 00:04:01,119 Speaker 2: New Zealander, isn't it making sure you could actually get 76 00:04:01,120 --> 00:04:04,200 Speaker 2: away camping and back and do the distances that people 77 00:04:04,280 --> 00:04:05,400 Speaker 2: like to do on the holidays. 78 00:04:05,480 --> 00:04:07,960 Speaker 1: Yeah, good point, Liam, Thank you very much for that. 79 00:04:08,040 --> 00:04:10,440 Speaker 1: Great to have yours on as always, Liam Dan, the 80 00:04:10,480 --> 00:04:12,240 Speaker 1: Herald's Business editor, Are at Large. 81 00:04:12,880 --> 00:04:16,040 Speaker 2: For more from Heather Duplessy Allen Drive, listen live to 82 00:04:16,160 --> 00:04:19,200 Speaker 2: news talks. 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