Summarised by Centrist
Trade Minister Todd McClay says New Zealand exporters are facing mounting uncertainty as US President Donald Trump moves ahead with new tariffs.
While Trump has threatened a “100% tariff” on foreign-made films, he has already signed an order imposing duties of 10% to 25% on imported timber products.
The measures, which take effect on October 14, include 10% on softwood lumber and up to 25% on timber furniture, with some rates set to rise to 50% next year.
McClay said New Zealand timber firms play “an important part” in the U.S. housing industry and have built significant businesses there. He acknowledged the wider impact of Trump’s universal import duties, 10% on all imports, or 15% for New Zealand, but noted many exporters are still managing to grow sales in the US
“It is the uncertainty and changing nature that’s making it hard,” he said, adding that firms are diversifying into markets such as the UAE and the European Union.
For film, industry leaders warned that a 100% tariff would be “absolutely devastating.” Irene Gardiner, president of Screen Producers NZ, said even American producers oppose the idea, viewing it as damaging to their own industry. McClay said officials are seeking clarity from US counterparts while he meets with New Zealand exporters to assess the risks.
