Donald Trump slaps 12.5% tariff on NZ products claiming forced labour concerns…

Donald Trump slaps 12.5% tariff on NZ products claiming forced labour concerns | Stuff.co.nz <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":0,"label":"NZ Government disappointed by US tariffs","summary":"The New Zealand government has expressed disappointment following the US imposition of a 12.5% tariff on certain imports. This tariff is specifically targeting goods produced using forced labor."},{"timeSeconds":24,"label":"Tariffs on forced labor goods","summary":"The Trump administration is imposing tariffs on goods from 60 countries, citing concerns about forced labor. This measure aims to ban imports made with such practices."},{"timeSeconds":31,"label":"White House announces new tariffs","summary":"The White House announced a new 12.5% tariff on goods from dozens of nations. The stated reason is to prohibit the import of products made with forced labor."},{"timeSeconds":102,"label":"NZ Trade Minister on tariffs","summary":"New Zealand's Trade Minister, Todd McClay, has engaged with the US regarding the tariffs. He believes the justification for these tariffs is not credible and has raised concerns on multiple occasions."},{"timeSeconds":110,"label":"New law targets forced labor","summary":"New Zealand MPs are collaborating on a new law. This law would require companies with over $100 million in revenue to report on the risks of modern slavery in their supply chains."},{"timeSeconds":137,"label":"Trump's previous tariff actions","summary":"This new tariff action follows a previous decision by President Trump to impose a 10% tariff six months prior. That tariff was set to expire, but has now been replaced."},{"timeSeconds":240,"label":"MFAT statement on tariffs","summary":"The Ministry of Foreign Affairs and Trade (MFAT) stated that approximately 30% of New Zealand's exports to the US are not covered by these new tariffs. Beef and kiwifruit are among the exempted items."},{"timeSeconds":256,"label":"Uncertainty and potential price hikes","summary":"The CEO of Waitomo, Simon Parham, notes that the ongoing conflict and unpredictable actions by Donald Trump create uncertainty. He anticipates a potential rise in fuel prices by 15 cents per liter in the coming week."}]} <!--/mynz:youtube-chapters-->