1 00:00:00,200 --> 00:00:03,000 Speaker 1: With me right now? Is Jamie mckaye, Host of the Country. Hey, Jamie, 2 00:00:03,680 --> 00:00:04,240 Speaker 1: could I Heather? 3 00:00:04,280 --> 00:00:06,520 Speaker 2: I reckon? He's got the orange wall paint on to 4 00:00:06,559 --> 00:00:09,280 Speaker 2: cover the bags under his eye. You can say what 5 00:00:09,320 --> 00:00:12,320 Speaker 2: you want about Trump, but at seventy eight years of age, 6 00:00:12,360 --> 00:00:14,720 Speaker 2: you have to admire his energy. 7 00:00:15,160 --> 00:00:17,560 Speaker 1: Yeah, he's probably napping on the plane, don't you think 8 00:00:17,560 --> 00:00:19,960 Speaker 1: on the way over like he's he'll be doing like 9 00:00:20,200 --> 00:00:21,599 Speaker 1: newborn cat naps, won't he. 10 00:00:22,760 --> 00:00:24,520 Speaker 2: Yeah, but I mean you know he hasn't had a 11 00:00:24,600 --> 00:00:26,239 Speaker 2: day off. He has. He had a game of golf 12 00:00:26,280 --> 00:00:28,800 Speaker 2: for about six weeks apparently. So no, No, he's a 13 00:00:28,800 --> 00:00:32,320 Speaker 2: bit like Winston ageless from that point of view. I 14 00:00:32,400 --> 00:00:35,279 Speaker 2: admire his energy, if not all his policies, and some 15 00:00:35,360 --> 00:00:38,000 Speaker 2: of his policies Heather may come home to roost for 16 00:00:38,159 --> 00:00:39,160 Speaker 2: us here in New Zealand. 17 00:00:39,159 --> 00:00:41,240 Speaker 1: Well, particularly when you think I was talking to somebody 18 00:00:41,240 --> 00:00:44,479 Speaker 1: in the wine business today and tariffs if they are 19 00:00:44,560 --> 00:00:46,920 Speaker 1: like that's really going to hit them quite hard in 20 00:00:46,960 --> 00:00:48,599 Speaker 1: the States, which is a big market for US. 21 00:00:49,320 --> 00:00:51,519 Speaker 2: Well, it's our biggest market. I didn't realize that our 22 00:00:51,520 --> 00:00:56,240 Speaker 2: biggest export market. Excuse me, I'm a bit like Donald 23 00:00:56,360 --> 00:00:59,279 Speaker 2: my South losing my boys eight hundred million dollars worth 24 00:00:59,320 --> 00:01:02,160 Speaker 2: of export read you last year to the US. Now, 25 00:01:02,160 --> 00:01:05,839 Speaker 2: our wines occupy kind of a mid range price point 26 00:01:05,959 --> 00:01:09,480 Speaker 2: in the US market, and some of the commentary around 27 00:01:09,480 --> 00:01:13,560 Speaker 2: this is that retailers would be very reluctant to increase 28 00:01:13,920 --> 00:01:16,800 Speaker 2: the price on a bottle fifteen to twenty dollars US, 29 00:01:17,240 --> 00:01:20,280 Speaker 2: and that therefore the tariff could fall back on the 30 00:01:20,319 --> 00:01:23,119 Speaker 2: wine producers. So not so good for the wine producers. 31 00:01:23,560 --> 00:01:26,680 Speaker 2: Maybe not so good for the lamb producers either when 32 00:01:26,680 --> 00:01:30,639 Speaker 2: it comes to the red meat, because there are price 33 00:01:30,680 --> 00:01:33,520 Speaker 2: points at which lamb will just burn off the demand. 34 00:01:33,920 --> 00:01:39,560 Speaker 2: The interesting one either is beef. They literally cannot get 35 00:01:39,760 --> 00:01:43,280 Speaker 2: enough of our beef. And it's all for manufacturing. It's 36 00:01:43,319 --> 00:01:48,040 Speaker 2: all for hamburgers. McDonald's needs. McDonald's need everything we can produce, 37 00:01:48,600 --> 00:01:50,840 Speaker 2: and a bit more so. Once again, some of the 38 00:01:50,840 --> 00:01:56,000 Speaker 2: commentaries saying, whereas who will bear the cost of these tariffs, 39 00:01:56,320 --> 00:01:58,720 Speaker 2: and the first instance, that would be paid for by 40 00:01:58,880 --> 00:02:02,880 Speaker 2: US importers, But the extent to which those costs could 41 00:02:02,920 --> 00:02:07,040 Speaker 2: be passed on to wholesale, resale or retail customers depends 42 00:02:07,080 --> 00:02:09,560 Speaker 2: on the bargaining power, and beef apparently has a lot 43 00:02:09,600 --> 00:02:12,639 Speaker 2: more bargaining power, so the tariff is unlikely to fall 44 00:02:12,680 --> 00:02:15,480 Speaker 2: on the New Zealand exporters may not be the same 45 00:02:15,560 --> 00:02:16,919 Speaker 2: with our lamb and our wine. 46 00:02:17,440 --> 00:02:20,640 Speaker 1: That's a very interesting, a little insight that you've got there, Jamie. 47 00:02:20,680 --> 00:02:23,760 Speaker 1: I appreciated. That's Jamie mckaye, host of the Country. For 48 00:02:23,880 --> 00:02:27,480 Speaker 1: more from Heather Duplessy Allen Drive, listen live to news Talks. 49 00:02:27,480 --> 00:02:30,680 Speaker 1: It'd be from four pm weekdays, or follow the podcast 50 00:02:30,800 --> 00:02:31,800 Speaker 1: on iHeartRadio.