Impact of US election on New Zealand exports

Published 2024년 11월 18일

Tridge summary

B+LNZ is actively monitoring potential shifts in US trade policy under President-Elect Donald Trump, who has proposed increasing trade tariffs. The US is a vital market for New Zealand's red meat industry, being the largest for beef and second-largest for lamb. While New Zealand benefits from a WTO-specific tariff rate quota for beef exports, it faces higher tariffs for exports beyond this quota. B+LNZ is collaborating with the New Zealand Government to address these challenges and is dedicated to maintaining robust trade relations with the US. B+LNZ Chair Kate Acland plans to visit the US to reinforce partnerships and prioritize the industry's interests.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

While it’s too early to say for sure, B+LNZ is closely monitoring developments in the US, one of our most valuable markets. President-Elect Donald Trump made campaign comments about increasing trade tariffs, but it's unclear how these will translate into policy when he takes office on 20 January 2025. For now, B+LNZ supports the New Zealand Government’s 'wait and see' approach. Thanks to the Trade and Relationship Manager Jason Frost, based in the US, B+LNZ is well-positioned to stay informed of any developments. Additionally, B+LNZ Chair Kate Acland will be heading to the US early next year to strengthen the partnerships and ensure the New Zealand red meat industry’s interests remain front and centre. "The US is an incredibly important market for us – it’s our largest beef market, second-largest lamb market, and currently our largest red meat market overall", says Acland. "Over 85 percent of our beef exports to the US are lean cuts that blend with fattier American beef to create ...

Source: EuroMeat