A Labour party release criticizes the New Zealand government for failing to secure lower US tariffs, arguing that the 15% tariff increase will raise the cost of living and harm key exporters like the meat sector, while undermining business confidence and trade relations.
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Nathan Guy with us, former Minister for Primary Industries these days, New Zealand Special Agricultural Trade Envoy. I don't know whether you caught up with that Rabo Bank Agribusiness Monthly report released yesterday. The Rabo Research or the global team is suggesting that or they've changed their baseline forecast for the straight of Hermoose to remain closed until September. And they're talking about Q3 and Q4 uh oil price forecasts of uh 120 and 100 US dollars respectively per barrel. That's not a good outlook. I hope they got that wrong.
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potential price rise for domestic buyers
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