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Todd McClay: Trade Minister on the uncertainty surrounding Trump's new tariff rate
New Zealand has yet to hear from the US ahead of Donald Trump's latest tariff deadline – 4pm today, New Zealand time.
The White House says all countries will have heard from the US by that time.
The US President has indicated he'll raise tariffs, including the 10% baseline tariff imposed on goods from New Zealand and most other countries.
Trade Minister Todd McClay told Mike Hosking our Government is still waiting to hear what that increase will be.
He says there are indications that the new minimum base line tariff rate will be 15%, and it's an anxious time for exporters.
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Published on 4 months, 2 weeks ago