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Ben Speedy: ASB's General Manager of Commercial Banking on businesses' uncertainty regarding the impact of Trump's tariffs

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Manage episode 486740563 series 3391555
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Kiwi business leaders fear the impact of Donald Trump's tariffs will be more severe than the impact of the Global Financial Crisis and the Covid pandemic.

ASB and Talbot Mills have been surveying more than 300 business leaders, including CEOs and founders.

Two-thirds of businesses are concerned about the impacts, including almost 80% of exporters.

Meat, dairy and wine are expected to be hit harder, while the wool and seafood sectors are expected to fare better.

ASB's General Manager of Commercial Banking, Ben Speedy, told Kerre Woodham that the results highlight that businesses are really struggling with the uncertainty that’s playing out in the environment at the moment.

He says businesses not only need to navigate tariffs, but also the difficult business and economic environment in New Zealand.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

1582 episodes

Artwork
iconShare
 
Manage episode 486740563 series 3391555
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Kiwi business leaders fear the impact of Donald Trump's tariffs will be more severe than the impact of the Global Financial Crisis and the Covid pandemic.

ASB and Talbot Mills have been surveying more than 300 business leaders, including CEOs and founders.

Two-thirds of businesses are concerned about the impacts, including almost 80% of exporters.

Meat, dairy and wine are expected to be hit harder, while the wool and seafood sectors are expected to fare better.

ASB's General Manager of Commercial Banking, Ben Speedy, told Kerre Woodham that the results highlight that businesses are really struggling with the uncertainty that’s playing out in the environment at the moment.

He says businesses not only need to navigate tariffs, but also the difficult business and economic environment in New Zealand.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

1582 episodes

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