Global tariff threats to US President Donald Trump aside, New Zealand is optimistic about his trade relations with the United States.
In an interview with CNBC “Squawk Box Asia“Nicola Willis Finance Minister in New Zealand said that” New Zealand is different in that we have a very balanced and complementary trade relationship with the United States, “adding that” he hopes to follow current positive trade relations with him. “
She noted that now they import meat and wine from the country, and New Zealand imports “significant goods and services from the United States”.
Trump said on Sunday It will announce the global 25% global tariffs to the imports of steel and aluminum in the United States, adding earlier threats to the tariffs to Canada and Mexico.
According to the Ministry of Foreign Affairs and Trade of New Zealand, the country derived 14.6 billion of Novo-Zealand dollars ($ 8.26 billion) of goods and services in the United States-preaching Australia to become the second largest export market of New Zealand and introduced 11.4 billion Nz for 12 months of March 2024.
This was represented by a trade balance of 3.5 billion NZ -Ai total trade value of 25.8 billion USD NZ and not adapted to inflation.
Willis described the relationship between the two nations as “those acting for both sides”, pointing out that New Zealand is also part of the “five eyes” intelligence federation, which she said is “the basis of a very strong strategic relationship.”
“Five eyes” is an intelligence alliance consisting of Canada, the United States, the United Kingdom, Australia and New Zealand.
Asked if this would mean that the country would be able to avoid Tariff from Trump, Willis said that “tariff decisions were questions for US administration,” and New Zealand would “deal with the situation if it appeared.
She believes that the New Zealand dollar will provide some clippers if they are conducted by tariffs, saying that the lower new Zealand dollar will help exporters in the country by making exports more competitive.
Kivi recently weakened at the lowest point in more than two years compared to the US dollar, trading to 0.5515 to Greenback on February 3.
Willis also acknowledged the “significant liquid account deficiency” Earth, but added that the flexibility of the course “would allow a balance to balance.”
