JCB expands new Texas factory after US tariff hike
Since Donald Trump’s import tariff announcement, the world has been on a wild economic ride.
Richard ‘Mad Dog’ Prebble opines weekly in the media, Helen Clark has an opinion on everything, and not a week goes by without Sir John Key making the headlines.
Last week his reckons included the view Trump will, and ‘should’, win the 2024 US election circus. Key said Trump’s “better for the economy”, but he also raised the ‘T’ word – tariffs.
Exporters are rightly wary of the implications for trade into the US if the Orange One wins and whacks hefty tariffs on imports.
The NZ wine industry, for example, fear they could face 20% tariffs, which would kill returns from their biggest export market.
The US circus is beyond our control, but we can’t pretend the result won’t impact us.
