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Speaker 1: So well back here and over there. I mean, where

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Speaker 1: are we at with us this beef business and tariffs

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Speaker 1: we've been talking about for the last couple of days.

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Speaker 1: The Australians have got trouble with the American farmer who

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Speaker 1: are upset at the one way street on trade. So

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Speaker 1: where do we are we going to get called up

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Speaker 1: in any of this beef and land? New Zealand Chair

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Speaker 1: Kate Ackland's with us. Kate, very good morning to you.

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Speaker 1: Do you got any idea what's going on? Any more

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Speaker 1: than anybody else at the moment.

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Speaker 2: Oh, look, it's still very much too early to know

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Speaker 2: what we do know. I think as sept the New

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Speaker 2: Zealand US trade relationships actually really well balanced overall. And

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Speaker 2: you know, in terms of agricultural trade, yes, we do

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Speaker 2: send a lot of high quality beef and land to

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Speaker 2: the Americans, but New Zealand farmers actually buy a lot

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Speaker 2: of American tractors as well. So we have got really

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Speaker 2: strong relationships with the US and probably quite different to

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Speaker 2: the Australian.

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Speaker 1: Okay, so the Australians are part of the Americans. Argument

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Speaker 1: about the Australians is they don't want to and they've

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Speaker 1: used a whole lot of rules and regulations not to

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Speaker 1: import American beef. Is that true here or not?

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Speaker 2: No, Look, they they are really concerned about what they

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Speaker 2: call unfair trading practices, and Zealand plays with a really

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Speaker 2: straight bat. So there's no trade restrictions on American beef

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Speaker 2: and lamb coming into New Zealand. Our farmer's aren't subsidized,

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Speaker 2: our exports aren't subsidized, and our exchange rates not manipulated.

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Speaker 2: So we do have the advantage of playing with a

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Speaker 2: very straight bat.

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Speaker 1: Right, we export one point according to the numbers, I've

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Speaker 1: got one point thirty seven billion to the US, so

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Speaker 1: we're booming and we're doing well. Congratulations to us, But

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Speaker 1: we only bring in thirty one million. Do we bring

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Speaker 1: in thirty one million because we've got enough of our

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Speaker 1: own beef or is there some other reason for that.

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Speaker 2: We're an exporting nation and we're exporting ninety percent of

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Speaker 2: the beef and ninety five percent of the land that

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Speaker 2: we produced, and we're sending it all over the world.

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Speaker 2: So you know, that's only natural that we're not importing

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Speaker 2: a whole lot of meat. But in terms of that

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Speaker 2: overall trade balance, we're actually really balanced.

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Speaker 1: Would they see it that way. So, if the American

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Speaker 1: farmer and the lobby groups are in the ear of

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Speaker 1: the president, are they concerned whether we buy tractors to

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Speaker 1: balance out overall trade or are they just arguing their

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Speaker 1: own corner? And if nobody looks more broadly, they're going

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Speaker 1: to go Actually, those numbers don't look right, we'll slap

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Speaker 1: a terrifym.

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Speaker 2: Why wouldn't we look, they actually need our imports. And

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Speaker 2: I was over last month actually in the States at

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Speaker 2: the National Cataman's Beef Conference, and the conversations were there

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Speaker 2: were very much they view US as a consistent and

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Speaker 2: reliable trading partner. They need our lean trim to go

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Speaker 2: into their hand arders. You know, we're actually good for

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Speaker 2: the American farmer. So I think you know what's really

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Speaker 2: clear is that New Zealand is not the target here.

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Speaker 2: But you know, we're not naive, and if the US

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Speaker 2: does decide to introduce something that's really bored and would

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Speaker 2: impact all of their trading partners, then it is pretty

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Speaker 2: likely that we could be collateral damage. Unfortunately.

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Speaker 1: Okay, well we'll wait and see what happens. Kate appreciate

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Speaker 1: the insight very much. Kate Acklan, who's the Beef and

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Speaker 1: Lamb New Zealand chair with us this morning.

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