No new US tariff increase for NZ as Trump sends letters to trading partners
Photo:
RNZ / Samuel Rillstone
Prime Minister Christoper Luxon says New Zealand has not received a letter from the Trump administration about increased tariffs.
US President Donald Trump has imposed a slew of tariffs on US trading partners this year - then paused, modified, raised or lowered them.
In the latest move, Trump
threatened duties of 30 percent tariffs
on products from Mexico and the European Union.
They joined a
growing list of countries
whose imports will face updated duties on 1 August, since Trump began posting tariff letters with rates of up to 40 percent.
The US President https://www.rnz.co.nz/news/world/566511/trump-threatens-50-percent-tariffs-on-brazil-if-it-doesn-t-stop-the-bolsonaro-witch-hunt-trial last week threatened Brazil with a crippling tariff of 50 percent starting on 1 August, if it didn't stop the "witch hunt" trial of right-wing former president Jair Bolsonaro.
Luxon told
Morning Report
New Zealand remained subject to the 10 percent baseline tariff.
"It's the lowest the US applies to any country. I think we're well positioned."
He said he regularly checked in with exporters who said they were still doing well in the US.
New Zealand's trade and foreign ministers had good relationships with their US counterparts and he was pleased with how they had handled tariffs being imposed.
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