New Zealand’s top business leaders, represented by the NZIBF, are urging the US Administration to reconsider the “unjustified and discriminatory tariffs” imposed on Kiwi exporters, expressing disappointment over the additional 10% tariffs on NZ exports. The NZIBF emphasizes the close trading relationship between the two countries and calls for a comprehensive free trade agreement to eliminate trade barriers, highlighting the negative impact these tariffs will have on exporters, consumers, and job creation in both nations. Concerns are raised about the breach of international trade rules, particularly regarding exports of beef and cheese under WTO tariff rate quotas negotiated with concessions from New Zealand, with a commitment to closely monitor the situation and collaborate with the New Zealand Government in responding to the challenge to the international trading system.
Full Article