New Zealand is actively seeking exemption from the punitive tariffs imposed on imports of steel and aluminium to the United States, arguing the country has a relationship with the US "not unlike Australia's", is running a trade deficit with the US, and is such a small producer that it represents no threat to US manufacturers.
Prime Minister Jacinda Ardern and Trade Minister David Parker fronted an announcement after the weekly Cabinet meeting, with Parker saying he had been working on the attempted exemption since before he departed for the March 8 signing of the Comprehensive and Progressive Trans-Pacific Partnership trade and investment pact in Chile.
"We have what I would characterise as an important and broad relationship with the United States, not unlike Australia's relationship, so we believe we have a strong case for an exemption," said Ardern. "That case is enhanced by the fact that we are clearly not a target here."
New Zealand's two largest metal production plants are owned by Australian companies. The New Zealand Steel refinery at Glenbrook, South Auckland, is owned by Bluescope, while Rio Tinto is the majority shareholder in New Zealand Aluminium Smelters, which operates plant at Tiwai Point, near Bluff.
Ardern said New Zealand exported $39 million and $23m worth of steel and aluminium respectively in the last year, although that was "not small for those who are exporting".
