\u201cSo 10% is a bit of relief. <\/p>\n
\u201cIt is still going to have a financial impact on the wood processing industry in New Zealand.<\/p>\n
\u201cWe\u2019re exporting $380 million in products to the United States, so if you look at 10% of that, you\u2019re looking at a figure of around $40 million that will be added on in tariffs.\u201d<\/p>\n
Ross said his organisation was working with exporters to work out how to handle the extra costs.<\/p>\n
The tariffs would come into force on October 14.<\/p>\n
\u201cSo we\u2019ve got a couple of weeks just to work through that and to make sure that the exporters are geared up to deal with that tariff.<\/p>\n
\u201cIf they have got boats on the water at the time, they will be affected and impacted by that tariff.\u201d<\/p>\n
Ross said the United States was New Zealand\u2019s third-largest export market and continued to grow.<\/p>\n
Earlier this year, imports of timber and lumber products into the US dodged tariffs imposed by Trump, while the impact timber imports were having on its \u201cnational security\u201d and local sector was assessed.<\/p>\n
Trade Minister Todd McClay said the Government was seeking further details on the tariffs from officials in Washington on what it meant for exporters.<\/p>\n
McClay said the Government would be working closely with the US to make it clear that New Zealand wood products complement rather than compete with domestic production.<\/p>\n
However, he added that forestry exporters were resilient and well-diversified.<\/p>\n
\u2013 RNZ<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cSo 10% is a bit of relief. \u201cIt is still going to have a financial impact on the…\n","protected":false},"author":2,"featured_media":53405,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[9055,5346,2454,2513,117,111,43,139,69,583,131,5215,3040,45531,80],"class_list":["post-53404","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-9055","tag-expected","tag-industry","tag-lower","tag-new","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-tariff","tag-than","tag-timber","tag-us","tag-welcomes","tag-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/53404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=53404"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/53404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/53405"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=53404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=53404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=53404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}