MSC NewsWire

Founded by Max Farndale 1947 - 2018
Thursday, 30 November 2023 04:49
  • Home
    • About Us
    • Pricing
    • Global Presswire
    • Industry Organisations
  • News Sectors
    • Headlines Through Today
    • Environmental Talk
    • Out of The Beehive
    • Primary Sector Talk
    • Reporters Desk
    • The MSC NewsReel
    • MSCNetwork
    • FinTech Talk
    • The FactoryFloor Newsreel
    • Trade Talk
    • News Talk
    • Industry Talk
    • Technology Talk
    • Blockchain
    • Highlighted
    • The TravelDesk
      • TravelMedia
      • Sporting Tours
      • Holidays Tours Events + More
      • Airfares
      • Travel Enquiry Form
      • TravelBits
    • Travel Updates
    • The MSC TravelDesk Newsreel
    • Travel Talk
    • Travel Time
    • The Bottom Line
    • Regional News
    • News to Run Advice Form
    • World News
    • NewsDIRECT
    • MSCVoxPops
    • Press Releases
  • National Press Club
  • Contact Us

Trump Trade Winds Blowing New Zealand’s Way

  • font size decrease font size decrease font size increase font size increase font size
  • Print
  • Email
Trump Trade Winds Blowing New Zealand’s Way

Obvious benefits emerging from shrouds

| Napier - MSCNewsWire - Monday 21 Nov,2016 |- Now that the media-led hysteria attendant upon the election of Donald Trump is fading we can obtain a clear fix on the new United States trade policies.

They in fact indicate an increasingly fair wind for New Zealand.

The priority is to in-shore what was once United States based engineering and manufacturing and return it to the rust-belts where the electors voted heavily for Trump.

This will not affect New Zealand which in the 1980s and in pursuit of globalisation ceased the manufacture here, actually added value, of all the most contentious products from the Trump point of view, notably vehicles.

The real shoot- out is between the United States and China. Here, New Zealand is in a strong position. An example will illustrate this point.

U.S. trade and commerce authorities in 2009 after President Obama took office imposed a punitive 35 percent tariff on vehicle tyres from China. In response, China took retaliatory steps of imposing tariffs on US chicken products with the result that importers now started by-passing the United States.

The point being that New Zealand stands to benefit in any forthcoming tit-for-tat trade war by acting as default supplier.

In New Zealand the emphasis on the Trump victory has centred on the Trans Pacific Trade wrap-up signed in Auckland earlier this year.

In fact and as MSC Newswire has consistently pointed out this now represents an earlier move to contain China by ensuring that the bulk of world trade, 80 percent, continues to be conducted in the USD.

This was a half-way house because of the Obama-Clinton adherence to the globalisation philosophy.

An anti-globalist president-elect Trump is bent on suppressing China’s currency while also stalling its exports to the United States

Tariff rates as high as 45 per cent have been floated as deterrents to Chinese manufactured goods imports into the United States.

China is the US largest trading partner, with USD $598 billion in total goods traded between the two nations in 2015.

Of that $598 billion, U.S. exports to China amounted to $116 billion, while goods imported from China amounted to $482 billion. This means the U.S. goods trade deficit with China was $366 billion in 2015, a 6.6 percent increase over 2014.

Meanwhile the détente between the United States and Russia implicit in the Trump victory is scheduled to end the US led embargo on Russia. New Zealand is party to this.

The embargo was imposed at the same time as EU production started moving away from quota restrictions and this has led to massive farm surpluses in Europe to New Zealand’s detriment.

 

Published in TRADE
Tagged under
  • The Reporters Desk
  • Trade

Related items

  • Zion Heartfelt by Sean Plunket of The Platform
  • Siouxsie Film Documents Medicine Status Plunge
  • Five Eyes Means NZ Target Bill Holstein Claims
  • Billions NZD Pledged Globally Will be Borrowed Back
  • Real Estate Agents Tag sales near Solar project proliferation
More in this category: « TPP Bill passes Third Reading Launch of negotiations to upgrade China FTA announced »
back to top
Aug 08, 2018

EU diplomat hails ‘exceptional year’ for NZ relations

in POLITICAL
Oct 15, 2018

Regime Involvement with 9/11 Central to Vanishing Jamal Khashoggi Mystery

in EXCLUSIVE
Apr 16, 2018

New Plymouth Industrial Damage Control Requires Deputation to Cause of Damage which is NZ Government

in EXCLUSIVE
Jun 03, 2018

US, China discuss American exports in bid to ease trade spat

in WORLD
Jun 12, 2018

Urban Activist Middle Class Guilt Transfer is the Real Problem for Dairy Sector

in EXCLUSIVE
Oct 16, 2018

HUI Māori Collective Launched at Parliament

in BUSINESS
Nov 30, 2018

UN Cinematographer Stephen Whitehouse Dies in Sandwich.

in EXCLUSIVE
May 07, 2018

Arts degree key to technology sector success

in TECHNOLOGY

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

  • Home
  • Global Presswire
  • Industry Organisations
  • National Press Club
  • Disclaimer
  • About Us
  • Pricing
  • Sitemap
Copyright © 2023 MSC NewsWire. All Rights Reserved.
Site Built & Hosted by iSystems Limited
Top
Reporters Desk