US trade war: What it means for our red meat returns | Herald NOW Business

US trade war: What it means for our red meat returns | Herald NOW Business <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":0,"label":"US Trade War and Red Meat Returns","summary":"The video discusses the impact of the US trade war on New Zealand's red meat returns. It highlights that recent US tariffs on Canadian and Mexican goods might not significantly affect New Zealand's exports."},{"timeSeconds":10,"label":"US Tariffs on Canadian Goods","summary":"The US has imposed a 50% tariff on Canadian goods, including beer, wine, and hockey sticks. This move is part of ongoing trade negotiations between the US, Canada, and Mexico."},{"timeSeconds":16,"label":"Impact on Other Exports","summary":"The tariffs also affect critical minerals, energy, and fertilizer exports. However, some items like salmon are not included in the latest tariff list."},{"timeSeconds":21,"label":"US-Mexico-Canada Trade Deal","summary":"The US, Canada, and Mexico are renegotiating a trade pact, with the new deal set to take effect in 30 days. This renegotiation is seen by some as a tactic to gain leverage."},{"timeSeconds":37,"label":"Safeguarding Investigation on Lamb","summary":"A safeguarding investigation into lamb imports has been initiated, prompted by concerns that American farmers are suffering. This investigation aims to protect domestic producers."},{"timeSeconds":45,"label":"Consumer Spending on Lamb","summary":"Despite the investigation, data suggests that consumer spending volumes on lamb have not significantly decreased. Consumers are still willing to pay a premium for lamb, benefiting New Zealand producers."},{"timeSeconds":57,"label":"Business Wrap and Partners","summary":"The segment concludes the business wrap, thanking partners for their support. It suggests that continued consumer demand for lamb may offer some stability for New Zealand's export market."}]} <!--/mynz:youtube-chapters-->