( August 22, 2025, 02:39 GMT | Official Statement) -- MLex Summary: A New Zealand minister raised concerns about new US tariffs, including an additional 5 percent imposed last month, during talks in Washington DC this week. A statement published by New Zealand’s Minister for Trade and Investment, Todd McClay, said that he met with US Trade Representative Jamieson Greer, who confirmed last month’s tariff increase was in relation to “New Zealand’s balance of trade surplus.” According to the statement, Greer confirmed that the measure represented a new bottom tariff rate of 15 percent, “or higher, for all countries that sold more to the US than they bought.” The statement added that Greer recognized New Zealand’s average tariff rate of just 0.3 percent on US goods imports.The full statement by New Zealand’s Minister for Trade and Investment, Todd McClay, follows:...
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