1 00:00:00,080 --> 00:00:02,760 Speaker 1: This youtune from Trump on beef tariff, so scrap them. 2 00:00:02,840 --> 00:00:05,120 Speaker 1: Basically great for US red meat. Here we for a 3 00:00:05,240 --> 00:00:08,160 Speaker 1: quarter of everything. We sing to the US two billion 4 00:00:08,200 --> 00:00:10,840 Speaker 1: dollars worth of our ex sports joining us. Kate Ackland 5 00:00:11,000 --> 00:00:13,680 Speaker 1: beef and leaf a beef and lamb chair with us. Cate, 6 00:00:13,720 --> 00:00:19,120 Speaker 1: good morning morning. Now has this happened already has officially 7 00:00:19,239 --> 00:00:19,840 Speaker 1: taken place? 8 00:00:21,200 --> 00:00:23,599 Speaker 2: We are still trying to sort through the details on that. 9 00:00:23,680 --> 00:00:26,240 Speaker 2: I mean it's sort of a corner sat by surprise actually, 10 00:00:26,280 --> 00:00:28,680 Speaker 2: I mean it shows a week for long time in politics, 11 00:00:29,400 --> 00:00:33,520 Speaker 2: so not quite certain exactly when this comes into effect. 12 00:00:34,360 --> 00:00:36,280 Speaker 1: Does it just level the playing field? Right, It's not 13 00:00:36,360 --> 00:00:40,000 Speaker 1: special treatment for us specifically, it's for everyone. 14 00:00:40,600 --> 00:00:45,120 Speaker 2: So it's removing additional terraffs across all beef from all countries. 15 00:00:45,240 --> 00:00:49,160 Speaker 2: So fortunately New Zealand does have really good access for beef, 16 00:00:49,320 --> 00:00:51,400 Speaker 2: so breathe of tariffs. You know, we've got a really 17 00:00:51,600 --> 00:00:54,720 Speaker 2: large quota with an end quota teriff rate of less 18 00:00:54,720 --> 00:00:57,360 Speaker 2: than one percent, So as sorry as New Zealand goes, 19 00:00:57,400 --> 00:00:59,600 Speaker 2: this puts US in a very very strong position. 20 00:01:00,000 --> 00:01:03,120 Speaker 1: How much did we lose or pay and how much 21 00:01:03,160 --> 00:01:05,160 Speaker 1: do we pay in terrists? How much business did we 22 00:01:05,200 --> 00:01:06,959 Speaker 1: lose during this periods ince April? 23 00:01:08,520 --> 00:01:11,160 Speaker 2: So in twelve months, the quotas we're looking to cost 24 00:01:11,200 --> 00:01:14,520 Speaker 2: US at about three hundred and ten million dollars off 25 00:01:14,520 --> 00:01:17,759 Speaker 2: a base of virtually nothing, So it's a significant amount 26 00:01:17,760 --> 00:01:18,199 Speaker 2: of money. 27 00:01:19,640 --> 00:01:21,880 Speaker 1: So what do you think will happen now or well, 28 00:01:21,920 --> 00:01:24,399 Speaker 1: I mean, did we lose much market share in the 29 00:01:24,560 --> 00:01:26,800 Speaker 1: in the intervening months and will we get it just 30 00:01:27,040 --> 00:01:28,160 Speaker 1: get it all back now or what? 31 00:01:29,200 --> 00:01:31,560 Speaker 2: Look, it wasn't so much about losing market share because 32 00:01:32,000 --> 00:01:35,520 Speaker 2: everyone was impacted. We were impacted more than the Australians 33 00:01:35,600 --> 00:01:37,679 Speaker 2: or the Argentine but then there were some countries like 34 00:01:37,720 --> 00:01:41,560 Speaker 2: Brazil that were facing bigger tariffs than US. But what 35 00:01:41,600 --> 00:01:43,759 Speaker 2: we did see is quite a volume of met went 36 00:01:43,800 --> 00:01:47,039 Speaker 2: away from the US into other markets. Now the US 37 00:01:47,080 --> 00:01:49,160 Speaker 2: is a really high value market for US, so it 38 00:01:49,160 --> 00:01:53,040 Speaker 2: will be really interesting to see how those trade floaws go, 39 00:01:53,280 --> 00:01:56,080 Speaker 2: you know, whether we see less products going into markets 40 00:01:56,120 --> 00:01:58,640 Speaker 2: like China and more back to the USA. 41 00:01:58,320 --> 00:02:00,400 Speaker 1: Because do we get more money for it here. 42 00:02:01,760 --> 00:02:04,040 Speaker 2: Here? We do? So there is really high value market 43 00:02:04,080 --> 00:02:07,040 Speaker 2: for both beef and lamb. Now obviously we've still got 44 00:02:07,040 --> 00:02:09,760 Speaker 2: the tariffs on lamb, but. 45 00:02:10,800 --> 00:02:13,160 Speaker 1: Great market, but random a cap. 46 00:02:13,960 --> 00:02:16,840 Speaker 2: I look completely completely random, and I guess you know. 47 00:02:17,200 --> 00:02:19,320 Speaker 2: Although we're really positive about it, we are being quite 48 00:02:19,320 --> 00:02:21,520 Speaker 2: cautious as well, because it just sort of shows that 49 00:02:21,560 --> 00:02:22,960 Speaker 2: things can change overnight. 50 00:02:23,160 --> 00:02:24,880 Speaker 1: Someone wakes up on the wrong side of the bed 51 00:02:24,880 --> 00:02:27,840 Speaker 1: and then before you know it, it's all back on Kate. 52 00:02:27,880 --> 00:02:32,000 Speaker 1: Thank you, Kate, Cate from Beef and Lamb. For more 53 00:02:32,040 --> 00:02:35,160 Speaker 1: from Early Edition with Ryan Bridge, Listen live to news 54 00:02:35,200 --> 00:02:38,200 Speaker 1: Talks it'd be from five am weekdays, or follow the 55 00:02:38,240 --> 00:02:39,720 Speaker 1: podcast on iHeartRadio.