NZ farmers nervous about trade war - News Summed Up

NZ farmers nervous about trade war


New Zealand's farmers are nervous about getting caught up in a potential trade war. The special agricultural trade envoy, Mike Petersen, said the fear is that the rhetoric could easily escalate into a series of retaliatory strikes. New Zealand produces enough food for about 40 million people, but with only 4.8 million people, it exports about 90% of what is produced. "Anything that's happening in international markets with regards to imports or tariffs are very threatening for New Zealand's exporting sector," he said. "Most the of them have large dairy industries and could easily spill into that area.


Source: Otago Daily Times March 05, 2018 21:00 UTC



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