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Speaker 1: Now a bit of confusion over when Trump's tariffs are

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Speaker 1: going to kick in. The ninety day Pauls was supposed

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Speaker 1: to end tomorrow. It now looks like it's going to

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Speaker 1: be August. One good thing is the man in charge

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Speaker 1: is clearing it all up for us and for presidents.

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Speaker 2: Do the tariff freeds change at all on July ninth

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Speaker 2: or do they change on August Firth?

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Speaker 1: What are you talking about? Tariff fred Do they change

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Speaker 1: on July ninth or August Firth?

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Speaker 2: No, They're going to be tariffs, and tariffs are going

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Speaker 2: to be the tariffs. I think we'll have most countries

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Speaker 2: done by July night.

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Speaker 1: Yeah, yeah, well, good thing. The tariffs are going to

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Speaker 1: be the tariffs. Catherine Beard is the advocacy director for

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Speaker 1: Business New Zealand with US Morning.

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Speaker 2: Catherine, Good morning.

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Speaker 1: So does it look to you like what's going to

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Speaker 1: happen is the letters go out this week and then

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Speaker 1: the tariff's kick in on the first of August.

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Speaker 2: Well, it all sounds a bit confusing, doesn't it. So,

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Speaker 2: so the countries that he's trying to do deals with,

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Speaker 2: and I think i've seen Japan and South Korea mentioned,

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Speaker 2: you know, those will be kind of two way negotiations

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Speaker 2: and they'll be finished, I guess when they're finished, and

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Speaker 2: sometimes you know, those can be protracted, particularly if both

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Speaker 2: sides keep going for another round. In New Zealand situation,

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Speaker 2: I think we're just on a flat ten percent tariff,

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Speaker 2: which is sort of the default, and it's the lowest level,

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Speaker 2: so that's probably going to be less complicated and that

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Speaker 2: will arrive when it arrives. I think people were planning

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Speaker 2: for tomorrow, but who knows. It's one of those regimes,

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Speaker 2: isn't it where you wake up every morning and see

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Speaker 2: what the latest is.

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Speaker 1: Where are we at? We Are we just taking are

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Speaker 1: we accepting the ten percent tariff? Or are we fighting it?

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Speaker 2: Look, I don't think there's any point in fighting it

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Speaker 2: because it is the lowest rate. So the main thing

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Speaker 2: for us is to have a level playing field and

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Speaker 2: if that's the best rate going, then a little I

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Speaker 2: would say, pit's quick country like New Zealand trying to

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Speaker 2: get into negotiation with the big country at the United States.

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Speaker 2: It's probably a David and Goliath restal and it's probably

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Speaker 2: not worth it.

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Speaker 1: And we probably do not feature very high on the

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Speaker 1: list of priority countries for striking a deal.

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Speaker 2: Right, No, that's right. And look, if you get the

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Speaker 2: ten percent, you're considered to be a good trade partner

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Speaker 2: as basically you know the narrative.

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Speaker 1: Catherine. By the way, what do you make of the

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Speaker 1: government looking at the bank's tax.

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Speaker 2: Yeah, look, I've just been reading about that in the

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Speaker 2: media like everyone else, and yeah, but amusing because I

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Speaker 2: was also reading I might have been in the Herald

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Speaker 2: this week who the biggest corporate tax payers were, the

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Speaker 2: top ten and the banks were all in there. So

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Speaker 2: they're paying a lot of tax already.

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Speaker 1: Yeah too, right, Catherine, Thank you very much, appreciate it.

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Speaker 1: Catherine be Advocacy director for Business New Zealand. For more

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Speaker 1: from the Mic Asking Breakfast, listen live to news talks

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Speaker 1: that'd be from six am weekdays, or follow the podcast

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Speaker 1: on iHeartRadio.