1 00:00:00,240 --> 00:00:03,920 Speaker 1: Heather du for Seel. So was our government too relaxed 2 00:00:03,920 --> 00:00:06,200 Speaker 1: about the tariffs then? Because this is a shock today, 3 00:00:06,240 --> 00:00:07,880 Speaker 1: isn't it to find out that we've just been bumped 4 00:00:07,920 --> 00:00:11,520 Speaker 1: up to fifteen percent while Australia and dozens and dozens 5 00:00:11,760 --> 00:00:14,720 Speaker 1: and dozens and dozens of other countries have stayed on 6 00:00:14,760 --> 00:00:17,960 Speaker 1: ten percent. Now it seems to be directly related, most 7 00:00:18,200 --> 00:00:20,160 Speaker 1: likely to our balance of trade, and that the US 8 00:00:20,200 --> 00:00:22,880 Speaker 1: has a trade deficit with US, so we get fifteen percent, 9 00:00:22,920 --> 00:00:24,800 Speaker 1: but then a trade surplus with Australia so they get 10 00:00:24,840 --> 00:00:28,800 Speaker 1: ten percent. So perhaps it was inevitable and unavoidable as 11 00:00:28,880 --> 00:00:31,280 Speaker 1: long as the balance of trade sat like that. But 12 00:00:31,400 --> 00:00:33,880 Speaker 1: then on the other hand, Australia did kind of lock 13 00:00:33,920 --> 00:00:35,360 Speaker 1: that in as well. A they went out of their 14 00:00:35,400 --> 00:00:37,840 Speaker 1: way they lifted their ban on US beef imports, while 15 00:00:37,880 --> 00:00:41,120 Speaker 1: we did nothing. Should we have done something similar, because 16 00:00:41,120 --> 00:00:43,080 Speaker 1: if there's one thing that we know about Donald trumpet 17 00:00:43,080 --> 00:00:46,480 Speaker 1: said he's a trader. South Korea had their tariff drop 18 00:00:46,560 --> 00:00:49,120 Speaker 1: from twenty five to fifteen percent by promising to buy 19 00:00:49,120 --> 00:00:51,840 Speaker 1: one hundred million dollars worth of all ng Sir Kia 20 00:00:51,920 --> 00:00:55,120 Speaker 1: Stamus sucked up to Trump with a letter from King Charles. Now, 21 00:00:55,160 --> 00:00:57,680 Speaker 1: we don't actually know we did nothing like that. By 22 00:00:57,720 --> 00:01:01,240 Speaker 1: the way, we don't actually know what our diplomats were 23 00:01:01,240 --> 00:01:04,280 Speaker 1: doing because they were fairly guarded about it. But the 24 00:01:04,400 --> 00:01:06,720 Speaker 1: vibe that we kept getting from ministers and officials every 25 00:01:06,720 --> 00:01:08,640 Speaker 1: time we asked about it was, look, not a lot 26 00:01:08,720 --> 00:01:10,800 Speaker 1: going on. We're just waiting to see how this goes. 27 00:01:11,000 --> 00:01:14,080 Speaker 1: We're on ten percent. We're no worse than anybody else. 28 00:01:14,480 --> 00:01:17,600 Speaker 1: That's the trouble, though we are now worse than other people. 29 00:01:17,840 --> 00:01:21,200 Speaker 1: We export beef to the US. Australia exports beef to 30 00:01:21,240 --> 00:01:24,080 Speaker 1: the US. They're beef now cops ten percent, our beef 31 00:01:24,080 --> 00:01:26,840 Speaker 1: cops fifteen percent. Now we can argue about where the 32 00:01:26,959 --> 00:01:29,000 Speaker 1: US consumers are really going to switch up there? Eleven 33 00:01:29,040 --> 00:01:32,240 Speaker 1: dollar fifty New New Zealand steak if the Aussie steak 34 00:01:32,319 --> 00:01:35,160 Speaker 1: is only fifty cents cheaper. I mean, what's really the 35 00:01:35,160 --> 00:01:37,720 Speaker 1: difference between eleven fifty and eleven but I chose a 36 00:01:37,720 --> 00:01:39,720 Speaker 1: butter last night because it was a dollar cheaper than 37 00:01:39,760 --> 00:01:42,200 Speaker 1: the other butter, So maybe they will, Which brings me 38 00:01:42,240 --> 00:01:43,840 Speaker 1: to the question that I asked at the start of this, 39 00:01:44,000 --> 00:01:47,880 Speaker 1: were we too relax because we definitely and quite deliberately 40 00:01:47,920 --> 00:01:50,880 Speaker 1: opted for Winston's head below the parapet approach. But maybe 41 00:01:50,920 --> 00:01:52,680 Speaker 1: what we should have done was opted for the same 42 00:01:52,720 --> 00:01:56,000 Speaker 1: approach at Albanesi and Starmatok, which is to suck up instead, 43 00:01:56,320 --> 00:01:58,400 Speaker 1: given that look where we are and they are. Both 44 00:01:58,440 --> 00:02:00,840 Speaker 1: their countries are now on ten percent weeks, sitting on fifteen. 45 00:02:01,720 --> 00:02:04,880 Speaker 1: For more from Hither Duplessy Allen Drive listen live to 46 00:02:05,000 --> 00:02:08,040 Speaker 1: news talks. It'd be from four pm weekdays, or follow 47 00:02:08,080 --> 00:02:09,840 Speaker 1: the podcast on iHeartRadio.