1
00:00:00,000 --> 00:00:01,600
Speaker 1: The big one, of course, for New Zealand Inc. And

2
00:00:01,639 --> 00:00:04,200
Speaker 1: a lesson for everyone who doesn't understand tariff's. Donald Trump

3
00:00:04,240 --> 00:00:06,960
Speaker 1: has cut the tariffs on beef. The beneficiaries are largely US,

4
00:00:07,040 --> 00:00:10,119
Speaker 1: Australia and Brazil. Brazil had a fifty percent tariff, so

5
00:00:10,119 --> 00:00:12,200
Speaker 1: they will be thrilled. We at fifteen and ten for

6
00:00:12,280 --> 00:00:15,840
Speaker 1: Australia may not benefit as much, but given we're balling anyway,

7
00:00:15,880 --> 00:00:17,919
Speaker 1: as they say, anything that gives us a chance to

8
00:00:17,960 --> 00:00:20,919
Speaker 1: sell more has got to be welcome. Latest figures show

9
00:00:20,960 --> 00:00:23,040
Speaker 1: that we've had a fall off in volumes of beef

10
00:00:23,079 --> 00:00:25,880
Speaker 1: to the States. What's helping us is the value. Volume

11
00:00:25,960 --> 00:00:28,120
Speaker 1: is one thing, value is another. If the value off

12
00:00:28,120 --> 00:00:30,960
Speaker 1: sets the volume, you're still winning. Of course, if the

13
00:00:30,960 --> 00:00:34,000
Speaker 1: world only understood the true value of a tarrif free environment,

14
00:00:34,040 --> 00:00:36,800
Speaker 1: we'd all be better off. But that debate seems for

15
00:00:36,880 --> 00:00:38,839
Speaker 1: now to be losing ground globally as more and more

16
00:00:38,880 --> 00:00:42,720
Speaker 1: economies retrench. Anyway, the reason Trump moved is because he's

17
00:00:42,760 --> 00:00:44,720
Speaker 1: in trouble. He's in trouble on a lot of things,

18
00:00:44,720 --> 00:00:46,640
Speaker 1: and unless the tired terms this time next year in

19
00:00:46,640 --> 00:00:48,680
Speaker 1: the midterms, it's all going to come home to roost

20
00:00:48,720 --> 00:00:51,080
Speaker 1: and the Republicans will lose the rescendency, and if that happens,

21
00:00:51,080 --> 00:00:53,199
Speaker 1: they'll turn on the president and the latter part of

22
00:00:53,200 --> 00:00:55,280
Speaker 1: the president's term will be what they call lame duck.

23
00:00:55,720 --> 00:00:58,240
Speaker 1: In some respects it's been a surprise that his line

24
00:00:58,240 --> 00:01:00,760
Speaker 1: of abstract economics has lasted so long. I mean, there's

25
00:01:00,760 --> 00:01:04,720
Speaker 1: nothing particularly complex about tariffs. And to be fair to them,

26
00:01:04,880 --> 00:01:07,720
Speaker 1: if China say charges you're thirty percent on something, a

27
00:01:07,760 --> 00:01:10,720
Speaker 1: reciprocal tariff is not out of order. But the slap

28
00:01:10,840 --> 00:01:12,959
Speaker 1: them all approach he used on a place like New

29
00:01:13,040 --> 00:01:16,160
Speaker 1: Zealand and Australia, not to mention Switzerland that only just

30
00:01:16,200 --> 00:01:19,959
Speaker 1: got sorted over the weekend was bizarre, if not completely nuts.

31
00:01:20,240 --> 00:01:23,280
Speaker 1: All that crap about importers and countries paying tariffs was

32
00:01:23,319 --> 00:01:25,800
Speaker 1: never real, And as Americans lined up at the butchers

33
00:01:25,800 --> 00:01:27,800
Speaker 1: to pay more for New Zealand beef, they got angry,

34
00:01:27,920 --> 00:01:30,200
Speaker 1: and they got angry to the point Trump had to acquiesce.

35
00:01:30,200 --> 00:01:33,160
Speaker 1: So the tariffs fall in places like New Zealand in cash,

36
00:01:33,200 --> 00:01:35,480
Speaker 1: and it is good. I suppose to be on the

37
00:01:35,560 --> 00:01:38,480
Speaker 1: right side of the argument. For more from the Mic

38
00:01:38,520 --> 00:01:41,640
Speaker 1: asking Breakfast listen live to news talks, it'd be from

39
00:01:41,720 --> 00:01:45,160
Speaker 1: six am weekdays, or follow the podcast on iHeartRadio