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Tariffs are a "legacy of the past" - Business NZ

Author
Newstalk ZB,
Publish Date
Thu, 14 Mar 2024, 10:30am
Photo / File
Photo / File

Tariffs are a "legacy of the past" - Business NZ

Author
Newstalk ZB,
Publish Date
Thu, 14 Mar 2024, 10:30am

Tariffs across the ditch are getting scrapped to lower living costs and some are asking if New Zealand should follow suit. 

Australia will remove import taxes on a wide range of goods from July to bring cost-of-living relief. 

It will streamline $9 nine billion worth of annual trade and save businesses over $30 million yearly. 

Business NZ's Catherine Beard told Mike Hosking that we got rid of most tariffs in the 1980s, there’s just a few left. 

She says it's a legacy of the past —as most of them left are between 5-10%— and aren't doing much. 

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