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Speaker 1: This is one to watch. The President of the United States,

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Speaker 1: Donald Trump, today took to his social media platform Truth

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Speaker 1: Social and said that he would introduce an agricultural tariff

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Speaker 1: on all agricultural imports coming into the United States from

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Speaker 1: April to second This is obviously alarmed quite a few

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Speaker 1: people around the world, no less than here in New Zealand.

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Speaker 1: We spoke to Nathan Guy from the Meat Industry Association

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Speaker 1: earlier in the program. He said he's worried. The rate

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Speaker 1: at which the tariff might be introduced is obviously the

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Speaker 1: key factor that everyone wants to know. We export more

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Speaker 1: than a billion dollars worth of derry to the US.

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Speaker 1: It's our second largest largest market for export goods, and

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Speaker 1: the red meat sector was up something like sixty percent

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Speaker 1: from January numbers. Jamie McKay is the host of the Country.

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Speaker 1: He's with us to wrap the rural news for today.

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Speaker 2: Hi, Jamie, Hi, I was equally shocked, Ran and just

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Speaker 2: remember the US might be our second biggest trading partner

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Speaker 2: now having overtaken Australia, but it's the biggest markets for

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Speaker 2: our red meat, especially our beef, although they're buying a

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Speaker 2: lot of high end lamb at the moment.

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Speaker 3: You know, our lamb wrecks and all that as well,

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Speaker 3: But beef exports to the US rows four percent in

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Speaker 3: volume a year on year from January a year ago

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Speaker 3: surged seventy three percent in value. The whole thing's worth well,

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Speaker 3: the whole red meat export market's worth an excess of

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Speaker 3: ten billion dollars to US now. So if he slaps

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Speaker 3: a Trump a Trump, you try, if he slaps a

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Speaker 3: terrify on, who knows what it'll be. China's at ten percent,

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Speaker 3: Canada and Mexico are at twenty five. You'd have to

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Speaker 3: think it would sit somewhere round about there. Our only

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Speaker 3: saving grace, Ryan is Trump loves hamburgers, and we need

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Speaker 3: our lean beef to mix with that US domestic grain

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Speaker 3: fed beef to produce burger patties. That might be our

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Speaker 3: saving grace.

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Speaker 1: I genuinely hope that something like that. You know that

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Speaker 1: there is some serious diplomacy going on behind the scenes

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Speaker 1: right now, because that has the potential to be quite

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Speaker 1: devastating to us.

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Speaker 3: Oh absolutely, And whichever way you slice these Trump tariffs up,

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Speaker 3: it's bad news for US. We're an exporting nation that

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Speaker 3: depends on free trade, that has benefited from free trade,

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Speaker 3: if that's not an oxymoron around the world. And you

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Speaker 3: know he's putting the squeeze on China. China is our

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Speaker 3: biggest export market. They're going to have less money to

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Speaker 3: buy stuff from US. And I think the other story

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Speaker 3: isn't someone like Brad Olsen, who you've just had on,

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Speaker 3: would be much better qualified to talk about this than me.

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Speaker 3: But all these tariffs are going to add to inflationary

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Speaker 3: pressures in the US. US inflation stays high, our interst

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Speaker 3: rates are probably going to stay that higher or not

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Speaker 3: drop as much as they could. So look, he's playing

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Speaker 3: the whole world at the moment, not only when it

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Speaker 3: comes to war games, but also when it comes to trade.

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Speaker 3: As someone said, we're in a fully fledged world trade

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Speaker 3: more at the moment or on the brink of one.

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Speaker 1: Certainly, now we've got another global dairy trade auction tonight.

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Speaker 1: What are you expecting? They've been pretty good lately.

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Speaker 3: Yeah, they've been pretty good. The last one called its jets.

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Speaker 3: All the banks are sitting and Fonterra sitting around ten

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Speaker 3: bucks spliming good money. Let's make no bones about that one.

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Speaker 3: Look the guy I go to Mike McIntyre chart, and

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Speaker 3: he's pretty accurate. He's predicting down three percent and all

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Speaker 3: this uncertainty you would imagine around the world. The world

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Speaker 3: markets have had a bit of a tumble to day

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Speaker 3: off what Trump's doing with Ukraine and all that sort

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Speaker 3: of stuff, so I would expect not a maybe not

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Speaker 3: a somber result. He's picking down three percent, Maybe that

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Speaker 3: wouldn't be a bad result. The main thing is we're

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Speaker 3: getting well through the season. The volumes are starting to

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Speaker 3: slow down or web it off the back of dry

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Speaker 3: especially in the North Island. So if we can lock

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Speaker 3: and load ten bucks, dairy farmers would take it.

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Speaker 1: Brilliant Jamie, Thank you for that. Jamie McKay hosted The Country.

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Speaker 2: Or from Hither Duplessy Allen Drive.

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Speaker 1: Listen live to News Talks at b from four pm weekdays,

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