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July 31, 2025 • 34 mins

On the Early Edition with Ryan Bridge Full Show Podcast for Friday 1st of August, as the final 24 hours of Trump's tariff deadline loom, federal tax economist Alex Durante joins Ryan to discuss what deals have been made so far, and the implications for countries who don't conclude negotiations in time. 

And changes to the labelling of genetically modified foods have been green lit as New Zealand adopts new rules around the definition of gene editing. Spokesperson for GE-Free NZ joins the show to discuss the regulations. 

Get the Early Edition with Ryan Bridge Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts. 

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Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
early edition with ex Pole insulation, Keeping Kiwi Holmes warm
and try this winter news talk ZV.

Speaker 2 (00:11):
Good morning, Welcome to Friday. Just gone six after five.
Coming up on the show this morning, it's d day
for Trump and his tariffs. It's deadline time. Todd McClay
will be waiting by the letterbox for an envelope from Washington. Today.
We'll look at exactly what we think will happen, because
really no one actually knows. The government is publishing council's

(00:32):
financial performance metrics. Guess who's not happy about that. Gavin
Gray's in the UK for US this morning. We've got
China factory activity numbers cooling and what happens when you
get a WASP nest at a nuclear weapons facility radioactive
wasp nest Apparently. I'll tell you all about that story
out of the States this morning too. It is seven

(00:53):
after five.

Speaker 1 (00:55):
The agenda.

Speaker 2 (00:56):
It is Friday, August the first. Canada has joined Rance
and the UK to announce plans to recognize the Palestinian
state and it could affit their trade deal with Trump
over an eighth President Trump posted on social media that
Cannada's support for Palestinian statehood would make it very hard
for the US to make a trade deal with Canada.
Now on trade with just under twenty four hours ago,

(01:18):
Canadian Prime Minister Mark Carney says trade negotiations are not
likely to conclude by the deadline, but faces tariff of
thirty five percent if the deal is not strike. Mexico
has got a stay of execution a further than ninety
days to Kiev now and twelve people have been killed
in overnight strikes that brought down an apartment lock.

Speaker 3 (01:39):
In all, when it's standard, about two dozen locations in
the Ukrainian capital have been hit, including hospitals and schools.
In all, the Ukrainian air forces that Russia sent more
than three hundred attack drones.

Speaker 2 (01:57):
And this is a fascinating story out of America. The
oldest baby in the world has been born. This is
from an embryo that was frozen in nineteen ninety four
and Ohio couple adopted the thirty one year old frozen
embryo and have welcomed a baby boy. It's believed to
be the longest an embryo has been frozen before resulting
in a successful birth. The previous record was a pair

(02:19):
of twins born from embryos that were thirty years old.

Speaker 1 (02:23):
News Talk said, be.

Speaker 2 (02:26):
Yes, it has just gone eight minutes after five. I
find this story absolutely fascinating. So just a a little
bit of background for you. So it's, yeah, technically the
oldest embryo in the world nineteen ninety four. So couple
wants a baby, they have to adopt an embryo because
they can't conceive themselves. Enter Linda. Now Linda is a

(02:50):
biological mother of this baby. Linda is sixty two years
old and she's got her own kids. She's got kids
in her thirties. So thirty years ago, Linda and her
then husband, so biological mum, biological dad, they need to
go through IVF because they struggled to get pregnant, etc.

(03:13):
And then in nineteen ninety four they had four embryos.
One was used to make their daughter, who's now in
their thirties. The rest were frozen, So you've got three
frozen embryos. And then sometime in the intervening thirty years,
Linda gets divorced from the biological father. So she then

(03:35):
in the custody battle, she wins the embryos after divorcing
the husband, and then she learns about this embryo adoption situation.
So apparently what happens in America, if you want to
go for embryo adoption, you've got embryos that fertilized eggs
that you can hand over to someone. Then you can

(03:57):
decide what type of people will get that embryo, And
in this case, Linda decides she's got a preference for
the child to be adopted by a white Christian married couple,
which just so happens to be your Ohio, Lindsay and
Tim Pearce. They now have a new baby that's whose

(04:18):
embryo was three decades old. Isn't that fascinating anyway? That's
how they do in America. A lot more difficult to
do that sort of stuff here. You can imagine ten
minutes after five. So, yes, we are talking about Trump today,
and we are talking about his tariffs. He's got us
right where he wants us, looking at him and listening
to him and waiting on his every word. Apparently we

(04:39):
will get a letter sometime in the next twenty four hours,
so we'll keep you across that, and we'll have someone
out of the States for you just before six this morning.
Also NCA, I want to try to fill you in
on this new briefing because it's we know it's not great,
but the more you hear about it, the more you
kind of start to pull your hair out. And how
fair is it on the kids who are still doing

(04:59):
NCA right now doesn't seem very fair to me. We
will talk about that just after the news at five
point thirty. Right now it's eleven after and next it's
your local councils. Have you seen the government's print out
of their financial metrics? Well, Campbell Barry has and he's upset.
He's here next.

Speaker 1 (05:16):
Get ahead of the headlines on early edition with Ryan
Branch and x Fole Insulation keeping Kiwi Holmes warm and
dry this winter, News Talk said be.

Speaker 2 (05:26):
Just gone thirteen minutes after five on news Talk said,
b So the tariffs for Mexico, they have managed to
shinebum the Mexican president. She's managed to get a stay
of execution another ninety days. So the ninety days will
be at twenty five percent, which is the current sort
of de facto rate that will continue for another ninety days,

(05:48):
and that will help them avoid a higher rate of
thirty percent, so they're actually only squibbling over squabbling over
five percent. But there you go. They are got a
little delay there and another three months they've been on
the blower together, these two, and you start to think,
I wondered some of the plan here, Like the strategy
is just to lurch from deadline to deadline, try and

(06:10):
push this thing out as far as it can go,
you know, try and wear Trump out a little bit,
or maybe Chilli, he's only got three and a half
years left in office. Maybe they'll just push it, push
it out as far as they can get it. The
problem is that just because the Democrats might get an
after Trump leaves, and you know, obviously there could be
another Republican candidate. But if just because the Democrats get in,

(06:32):
it doesn't mean that they will automatically cancel these teriffs.
Of course, because Biden didn't do that. For a lot
of what Trump brought in to do with China, Biden
didn't get on board with, Sorry, didn't cancel. So it
just because you change parties and presidents doesn't necessarily mean
that you change policies. Now, this is the story out

(06:55):
out of South Carolina. We're in America. This morning, quarter
past five, the US Department of Energy has discovered a
radioactive wasp nest. This is at one of their facilities
in South Carolina, involved in the production of parts for
nuclear weapons. Okay, so what you got is radioactive wasp

(07:18):
nest discovered at a nuclear waste storage facility, and obviously
everyone freaks out. They reckon, Actually, it's in the middle
of this massive facility and they can only go a
couple of hundred meters or something, so they're not going
to get out. Also, they reckon it was more than
nest than the actual wasps that were radioactive, so they're

(07:39):
not flying around, you know, stinging people and then sending
them radioactive too. But it's just fascinating the size of
this facility. They have twenty two underground carbon steel tanks here,
with each tank reportedly capable of holding two point eight
million to five million liters of radioactive waste. And the

(08:00):
twenty two of them just at this one site. Isn't
that fascinating. Savannah River is called built in the nearly
nineteen fifties and focused on the production of plutonium until
the end of the Cold War, and still there and
still going strong. Apparently enough to get the WASP nest involved.
Sixteen after five News Talks VB, we will talk about

(08:20):
those financial metrics for your councils in a few moments.
We will also just before six o'clock talk to a
guy out of the States. This is from the Federal
Tax Foundation about the deadline for Trump's trade tariffs. When
is it? Exactly? When will we find out our fate
and the rest of the world.

Speaker 4 (08:39):
It's all ahead on your radio and online on iHeartRadio
Early edition with Ryan Bridge and x Fole Insulation keeping
Kiwi Holmes warm and dry.

Speaker 1 (08:50):
This Winter News TALKSB.

Speaker 2 (08:52):
Five nineteen on NEWSTALKSB Welcome back to the program. There
are concerns this morning about regulations of genetically modified fooddes
Minister for Food Safety Andrew Hoggart has quietly greenlit new
rules set by Food Standards Australia and New Zealand. The
changes have been genetically modified food without foreign DNA would

(09:13):
no longer need to be labeled as genetically modified in supermarkets.
John Karapia is gee Free New Zealand with us this morning. John,
Good morning, Hello. What's wrong with that?

Speaker 5 (09:27):
Well, the main problem is that the deal in New
Zealand has always been that whether you can support GMOs
or don't support GMOs, there'd be a right to choose,
so there'll be disclosure in the supermarkets. And we haven't
actually had many GMOs in New Zealand. There's some imported,
many imported as processed oils and other ingredients, but nothing

(09:48):
in New Zealand has grown. That's g of gew That's
about to change potentially with the gen Technology Bill going
through Parliament separately. But what has had and yesterday or
a couple of days ago, is that after many years
of consulting with the public saying do you want do
you really want to know it's a GMO, the answer

(10:09):
was yes from the public submissions to the food authorities,
but they completely ignore the public. They said that labeling
was out of scope and there isn't going to be
any and that decision is based on as you said,
it's based on if there's no foreign DNA, it's been
ginge edited, but it's not going to be labeled. And
that's a furthe a scientific furfee, obviously in the interests

(10:32):
of industry, because the real reason why there's not been
many GMOs in the New Zeum and it's not because
they've been a ban, because there hasn't been a ban,
but really the market has said they don't want it,
both locally and globally. So to jack it up, to
jack up the market, to have like essentially set up
market failure by you're not going to have a choice,

(10:54):
that's really wrong. And that's why it's really bad that
the ministers signed this off with the Australian ministers to
say you're not going to have a.

Speaker 2 (11:02):
Choice, John Food Standards Australia New Zealand. They say, actually,
this is going to provide more clarity for consumers, for
your customers that the definition change they're talking about is
focusing on the change that's been made rather than the
process used to make the change.

Speaker 5 (11:19):
That's right, And as I say that for scientific and
consumer furthy, because consumers care about how things are made.
I mean, if you think about like a free range
often there's not a big difference in the product, but
the way the animal was run, the way it was raised,
is important for consumers. And so whether it's a safety

(11:39):
issue or not, and it is a safety issue, by
the way, and I'll explain that shortly, but whether it's
a safety issue or not. The risk should not be
transferred onto the consumer because they don't know it's GMO.
And to take away that labeling is really as it
completely overturns the social contract because the risk has always
been been left with the public. But the labeling and

(12:02):
the traceability and the testing of these products was like
the counter to that bill takes away chaseability. There is
no labeling and there's no pre testing. And that's where
the Achilles heel of the food safety comes in, right,
because if you don't check what you've done, it doesn't
have to have foreign DNA to have unexpected changes through

(12:23):
gene editing. And John's why the choy should be there.

Speaker 2 (12:27):
Okay, I appreciate you coming on the show. That bell
that you're talking about obviously hasn't been through yet, but
we were talking about changes that were announced yesterday by
Food Safety by the Andrew Hoggart, who's the Food Minister.
Just gone twenty three minutes after five year on News
Talk SIMB.

Speaker 1 (12:44):
The Early Edition Full show podcast on iHeartRadio powered by
News Talks IB.

Speaker 2 (12:51):
News Talks MB twenty five minutes after five Trump's got
us all right where he wants us this morning, guessing
what his next move is going to be this giant
game of tariff chest that no one else in the
world wanted to play, but we kind of forced to
play because there's a bigger kid on the block who's
threatening everybody else play with me. We don't want to,

(13:11):
but you have to. Sometime in the next twenty four hours,
leaders from practically every country on Earth will get a
letter from the White House declaring what their tariff rate
will be. Behind the scenes, our diplomats are being told
that the base rate should stay at ten percent, which
is where it's sitting now. But as always, the final
decision maker is Donald J. Trump, and he's prone to

(13:34):
some pretty bold sudden one eighties, so it is possible
give him what he said the other day that we
could be hit today with a fifteen or even twenty
percent rate, and it means our wine and our meat,
everything we send in trade there gets more expensive. But
it is all relative, So as long as we get
the lowest possible rate, will be as worse off or

(13:57):
better off than other exporters that we compete with. For
a man customers, but it's still not great, and you
don't want to push the price too high, do you
should consumers avoid the product altogether. So far, thankfully, that
hasn't happened to us. In America. We've passed on the
tariff without dropping prices and without dropping volumes. But that
was at ten percent. Twenty percent could be a very

(14:20):
different story. So as the world awaits its fate, you
can't help it feel a bit mifted. America. I don't
know how you feel about this, but here we are
at the bottom of the Pacific, cutting ribbons on a
brain spanking new FBI office and playing secret squirrels at
the behest of Washington. And the very next day, how
do they repay us, our so called friends? A letter

(14:42):
in the mail whacking our exporters with basically a new tax.
Twenty seven minutes after five News Talk said b Now,
if you're just tuning in, we've been talking this morning
a little bit about the councils and their financial performance
or lack thereof. So the government's released all of these spreadsheets,

(15:04):
Which does that excite you? The government's giving you a spreadsheet?
Are you going to read it? I don't think anyone will.
But if you have it, go and have a look online,
because you can look up your council. And it's got
demographics for you accounts, So it's like a fact sheet
on how they're performing rates, revenue, It's got your debt,
it's got you know, debt net debt is a proportion
of revenue, your debt, headroom for the previous financial year,

(15:27):
You're operating expenditure. Have I got you excited yet? It's
got staff numbers, how many personnel they've got, how that's
changed over the last year. Capital expenditure, what exactly is
it going on? Wastewater, stormwater, all that sort of stuff.
So they released these fact sheets which someone presumably has
had to compile that would have cost money. That's a job.

(15:49):
Is it worth it? N nine two is the number
of text Is it worth it? Personally? I don't think
anyone's going to read them. I don't think anyone's going
to go ooh. I love First of all, I love
voting in a local election, and second of all, I
love a spreadsheet. Let's go. So anyway, we will continue
talking about that this morning. We get to our reporters

(16:09):
around the country after the news at five point thirty.
A quick little update for you too on China. This
is their factory, their latest pmis released yesterday and this
is for July not so great. Their factory sector contracting
at a faster rate and their services sector expansion has
all but basically disappeared evaporated because they were on a

(16:30):
bit of a roll. They were feeling pretty good and
doing pretty well. But that hot start to the year
seems to be dissipating somewhat slightly. Not the end of
the world, not disastrous, but certainly something to keep an
eye on. And we will talk after. Vincent mcavinie is
our UK europe correspondent. We're going to get him on
after the News at five point thirty as well. And
the American singer pop star who's not happy with Donald

(16:54):
Trump and not happy with Ice about their deportations will
tell you why what song of hers the using to
promote deportations is most upset. It's all ahead here on
News Talk SIB twenty nine minutes after five. Happy is
your Home? I can see it telling aded so many

(17:17):
days til I.

Speaker 1 (17:18):
Can see you working news and views you trust to

(17:40):
start your day. It's early edition with Ryan Bridge and
Expole Insulation keeping Kiwi homes warm and dry. This winter
News Talk sid B.

Speaker 6 (17:56):
Good morning, it is twenty four away from Sexier on
News Talk him B.

Speaker 2 (17:59):
This song is by Jess Glynn. Now you might recognize
this song if you have kids or grandkids who are
all over TikTok. This is what they do. This song
along with some words apparently an ad from the nineties
for Jet Blue, which is a jet two, which is
a holiday company booking flights and accommodation for you. Anyway,

(18:20):
the Whites so they commandeer this ad from the nineties,
a bit of a throwback reference, and then they put
disastrous holiday happenings on video of disastrous holiday happenings. Now
the White House has taken this viral meme and has
done one of their own and put handcuffed immigrants on

(18:42):
planes and footage of ice agents walking them onto planes
and deporting them from the country. With this song and
with the meme, Now this is upset many, as you
can imagine, because it's a lot of people say very
bad taste. And Jess Glynn, who's performed this song, says,
the post from the White House account makes me quite sick.
My music's about love, unity and spreading positivity, never about

(19:05):
division or hate. There I don't think there's anything She
can do about it, but she's not happy. Twenty three
to six Ray and Bridge shit to Vincent macaviny, a
UK europe correspondent, and more on those tariffs that we're
expecting to be announced today from the White House. Coming
up shortly first though, our reporters around the country. Michael
Sergle's got some Dunedin news for us this morning. Michael,
good morning, Good morning Southland residents. What are they saying

(19:29):
about tourism.

Speaker 7 (19:30):
Yes, our Regional Development Agency Great South has been surveying
locals in the Deep South. It sounds many people feel
they're personally benefited from the tourism industry and want to
see it thrive for the Orderland residents. I obviously see
a lot of tourism in that part of the country.
They have the most concerns about tourism, but they're also
seeing the most benefits. So the agency says, people clearly

(19:50):
want to see tourism done right, so that the right
approach to tourism.

Speaker 2 (19:55):
All right. How's our weather?

Speaker 7 (19:56):
A few showers in the morning, than clearing to find
in the afternoon a bit warmer today, ten degrees.

Speaker 2 (20:00):
Brilliant Michael, Thank you, have a great day. Clears in
christ Church this morning. Clear get a good morning. I
saw Matt Doocy having a big winge about I'm assuming
this is the same TA two lane that you're going
to talk about in Canterbury.

Speaker 5 (20:12):
Yeah.

Speaker 8 (20:12):
Look, Matt Doocey's had a problem with T two lanes
for some time, but now he's got a real problem
with the one on the y Mucker Eddy Bridge. So
the transit lane there was added in twenty twenty. The
whole idea, as you can imagine, is to ease congestion
and encourage car pooling into public transport use, basically as
that North Canterbury area just continues to get bigger and busier.

(20:32):
But there have been concerns from local residents and Matt
Doocey about these T two lanes causing congestion as well
as frustration and even safety risks. MP Matt Doocey says
people fight to get on the bridge and then they
look over to the left only to see this free
lane sitting there that's not being used. They say, it's
not unlocking the potential of the bridge. He's now wanting

(20:53):
people to sign a petition. We've spoken with NZTA though,
who of course put the lane in place. They say
they're happy with how it's forming, but they will conduct
a comprehensive review of the effectiveness.

Speaker 2 (21:04):
Okay, So how can they be happy it's with how
it's working if they haven't conducted a comprehensive review of
its effectiveness, you know, and that's.

Speaker 8 (21:12):
Since twenty twenty exactly.

Speaker 7 (21:13):
Yeah, all right.

Speaker 2 (21:14):
How's your weather? Clear?

Speaker 8 (21:16):
Partly cloudy, a few showers but should clear this afternoon,
south for westerlies and nine degrees.

Speaker 2 (21:21):
Have a great day, Max and Wellington, Hey, Max, good
morning Wellington on applates kicking off? Is this the burgers
where you get the really nice the burgers?

Speaker 9 (21:29):
Yeah, the burgers are a part of it. This is
our annual food festival. You have restaurants, bars cafes offering
a one off special dish for the month of August.
Burger Wellington perhaps a little better known. That gets underway
on Monday.

Speaker 2 (21:41):
But you're also going to.

Speaker 9 (21:42):
Get special cocktails, desserts. Most hospitality spots right around the
region take part in this. There are some ticketed events
like cooking classes or cocktail making master classes, et cetera.
Two hundred and ten restaurant. Coming back to the important
part two hundred and ten restaurants offering a special burger.
It used to be possible here to get through all
of them. Now you'd have to be some sort of

(22:03):
mister Creoso to even come close. There is a theme
this year. It's pretty lame and prosaic. Food is love
is the theme this year. So that's part of the
assignment for restaurants. Good to get out to a few
places this month. For Wellington on a plate. I'll certainly
certainly be aiming for double digit burgers myself.

Speaker 2 (22:20):
Yeah, good on. You could send us some photos so
I love it even just looking at burgers. It makes
me heavy, that's right. They do you get a mere's discount?
Will you?

Speaker 1 (22:28):
Just?

Speaker 9 (22:28):
I wish to be and you said I was reviewing
and maybe I could.

Speaker 2 (22:33):
How's your weather?

Speaker 9 (22:34):
Mostly overcast, stronger southerlyast ten the high central nice one.

Speaker 2 (22:38):
Neiva is an Auckland. Good morning, Niva morning. Now what's
going on with this owner of a construction truck and
the driver?

Speaker 10 (22:44):
Oh, this is a terrible story, quite right, the driver
owner of a construction truck which has and killed a
roadwork and now this happened in May. This person has
pleaded guilty to manslaughter. Now I think people will remember
that Jonathan Walters died. This is after break failure caused
the over twenty ton truck to roll down Victoria Avenue.
This was in remu Era, a Shek transport director. This

(23:07):
is a Sheikh Ali. He then fled in the truck,
which had several safety warnings dating back to twenty eighteen.
So Herald reporter Craig Capatan, he's been on the case.
He says that it was also get a loaded. This
unregistered for two years, had no warrant of fitness for
over three years. The Herald also says at some point
the fifty five year old decided to switch registration plates

(23:28):
rather than stop using it. So he is going to
be sentenced in November.

Speaker 2 (23:32):
Horrible, no, very bad, bad story. Indeed, somebody has been
texting us this morning saying, Ryan, can you please just
ask your newsroom to make the news more positive.

Speaker 10 (23:45):
Of literally what fake news?

Speaker 3 (23:48):
Hi?

Speaker 2 (23:48):
You know, But the thing is that the news is
what it is. It is, you know what I mean.
It's because sometimes it's Friday morning you want to go, hey, yes,
you know, but actually the news is the news.

Speaker 10 (23:58):
The news is the news. But do you know what Friday.
I always I do say to the newsroom, what other
news have we got here? Can we have a bit
of a giggle?

Speaker 1 (24:05):
Can we have a laugh?

Speaker 10 (24:05):
Or should I wear a costume? And I'm dressed as
a carrot? That'll make me feel better? But yes, point taken.
What's that person's name, Roger.

Speaker 2 (24:13):
Hang on, I'll find you. Do you want me to
find you as number?

Speaker 10 (24:15):
Yeah?

Speaker 2 (24:15):
Find his number. Do you want to give me call?

Speaker 11 (24:16):
Ye?

Speaker 10 (24:17):
I'll gi him a call it. I'll give him his personal.

Speaker 2 (24:19):
Happy news, happy news, Yeah, one on one. How's that weather?

Speaker 9 (24:23):
Happy?

Speaker 10 (24:24):
Fine call? And Chris high fourteen but do you know what?
This is not going to be good? Wrap up warm
because it's a lower four.

Speaker 2 (24:31):
Yeah, and tomorrow's zero. I saw in Auckland southerly.

Speaker 10 (24:34):
The southerlyes are whipping in.

Speaker 2 (24:35):
All right, Thank you Neva, Neva and Auckland seventeen the
happy never seventeen away from six news Talk, said B.
And we'll get to our Vincent mcaviny out of the UK.

Speaker 1 (24:44):
Next international correspondence with ends and eye insurance, peace of
mind for New Zealand business.

Speaker 2 (24:51):
Call it the sixth on news Talk, said B. We'll
get to the States in taris in a second right now,
Vincent mcavanny our UK europe correspondent, UK, France, Canada all
going to recognize Palestine, Palestine as a state, but the
question is actually can they legally do it? Vincent's with
us now, Hi, Vincent, Ah, Yes, that's right. Donald Trump

(25:12):
has been in the UK today and after a meeting
with him where he warned him in advance, the British
Prime Minister Kirs Starmer announced that unless Israel agrees to
a new ceasefire deal, the UK will look to recognize
Palestine as a state in the September at the sort
of unger meeting the UN in New York, when France

(25:32):
is likely to do the same. But lawyers here in
the UK have banded together, some of them and written
a statement saying currently under the treaty obligations that the
UK observes Palestine because of the fact it hasn't had elections,
that there isn't a recognizable government, that the border is disputed,
may not be able to be declared in an individual states.
So that is now hanging over that decision that he

(25:53):
has taken, a real change in British position about recognizing Palestine.
This is something France has debated for a long time
but hasn't quite been on the cards in Britain. What
about This is a first downing story about Conor McGrigor
and he's obviously the wannabe candidate for Irish president May fighter.
What's he doing in court?

Speaker 12 (26:14):
Yeah, that's right to Connor McGregor, the former MMA fighter
has lost a civil jury appeal against the finding that
he sexually assaulted a woman back in twenty eighteen. So
in November he lost the initial case and he was
ordered to pay two hundred and six thousand pounds in
damages plus costs to Nikita Hand, who accused him of

(26:34):
raping her in a hotel in Dublin six years ago,
seven years ago now. So McGregor appealed on several grounds
about how his lawyers had handled it and about information
given to the jury about a police interview where he
said no comment around one hundred times to questions he
was asked. But that was all dismissed by the court
and so that charge stands on him.

Speaker 2 (26:56):
Vincent, thank you for that. Vincent mecavi Any, a UK
europe correspondent just gone twelve minutes away.

Speaker 1 (27:00):
Six News Talk, said it's August the fir.

Speaker 2 (27:04):
Yes, the deadline is here for Trump and his tariffs,
but the rest of the world and New Zealand will
be waiting probably another twenty four hours before we get
news from the White House and exactly what we will pay.
The White House has already shaken hands with a few
countries Japan, the EU, South Korea, Indonesia, the UK. They're
all getting lower rates, but others are not so lucky.

(27:24):
India you're looking at twenty five percent tariffs, Bangladesh thirty
five percent, Brazilla whopping fifty. Canada have said they're unlikely
to reach a deal before the deadline. Mexico Overnight has
been extended. Alex Deronte is a federal tax economist at
the Tax Foundation in the US and joins US now. Alex,
Welcome to the program. Nice to have you.

Speaker 11 (27:43):
Here, Hi, thanks for having me.

Speaker 2 (27:46):
When do we find out? When does the world find
out exactly what's going on and what that base rate
might be?

Speaker 11 (27:54):
I think I think we're going to be staying up
late and waiting until until midnight to see what actually happens.
I mean over here as a tax foundation, it is
quite unsorry even for us on what rate some of
these countries are going to be facing. You know, right
now most countries are facing a ten percent a universal
baseline tariff that includes Australia and New Zealand. But the

(28:16):
President has indicated sort of over the past month that
he has interest, I think in moving that baseline tower
higher to somewhere between fifteen and twenty percent. So I
think altogether consumers and businesses should be bracing for higher
tariffs and higher prices for sure going forward.

Speaker 2 (28:36):
Do you yet but higher than the team saint? Do
you think he will up that vice right.

Speaker 11 (28:42):
Right now? I mean we're hearing as I said, this
is all specultave, of course, but you know, somewhere either
fifteen percent or twenty percent. If all of the reciprocal
tariffs go into effect tomorrow as scheduled, that would move
the average apply tariff rate to just go over twenty percent.

Speaker 2 (29:05):
Which big countries, big trading patterners of Americas do you
think should be most concerned?

Speaker 11 (29:12):
Well, so let's see here, So the President was he
had well, he is announced higher rates on Canada and Mexico.
Both of those countries are currently paying or other our
consumers who import those goods are paying a twenty five
percent tariff, and the cadther rate is scheduled to rise
by ten percentage points to thirty five percent tomorrow, and

(29:34):
the Mexico tariff was scheduled to rise to thirty percent,
but the President announced a ninety day pause on that
increase in that tariff rate. Kevin, I would also add
that we need to be concerned about the EU. The
President did announce that he would be imposing a fifteen
percent tariff on those imports as part of the of

(29:56):
the deal that is being currently negotiated right now. And
then finally, the highest of these paraff rates are the
rates that we're opposing on Chinese imports, which August twelfth
are scheduled to rise to one hundred and twenty five percent.
So really it's the EU, Mexico, Canada and China we should,

(30:19):
you know, continue to be watching house.

Speaker 2 (30:21):
Americans are obviously watching this as closely as we are.
What are they thinking about the fact that he's going
to be potentially upping this and he's doing it to
friends and allies and it doesn't seem to matter.

Speaker 11 (30:32):
Right Well, I mean, I think, as I said earlier,
you know, I think consumers have been so you know,
businesses have been somewhat fortunate so far, although you know,
we're although they're paying much higher tariffs than they did
last year. You know, the President did delay you know,
these reciprocal tariffs for for a few months, but unfortunately,

(30:53):
you know, it does seem that the President is dead
set on implementing a host of them tomorrow and that
is going to likely have significant impacts on prices over
over the coming month.

Speaker 2 (31:05):
Alex, appreciate your time, Thanks so much for being with us.
That's Alex Deronte. He's the federal tax economist at the
Tax Foundation over in the United States, and so our gut,
the word from our officials over in Washington is that
that base ten percent will stay, but that Trump is
the ultimate decision maker and he can do what he wants.
And Alex is telling us there he's hearing it's going

(31:26):
to fifteen or twenty. So basically, when none the wiser
at this point in the in the day, eight minutes
away from six News Talks, heb and Mike's in next.

Speaker 1 (31:36):
Brian Bridge on early edition with expol isulation, Keeping Chili
homes warm and try this Winter News TALKSB six to six.

Speaker 2 (31:45):
On News talks. Heb where it worked at Mike's here
where at worked today? Mike, unlike those counselors at Wayne
Brown's meeting yesterday.

Speaker 13 (31:51):
Just see what I was disturbed about is he called
them mountain good on them, and then some council will
raised the is it right to call out white people
out there?

Speaker 2 (32:00):
What people?

Speaker 13 (32:00):
There's a person who wasn't there because they've been run
over by a car.

Speaker 2 (32:03):
Yeah, that's that's Michael Wood's wife.

Speaker 13 (32:06):
If you say so. There's another counselor who wasn't there
because they've been in surgery. Yeah, there was another councilor
who was there because they were ill. Your Morris been
in surgery. There's another councilor there because they were ill.
And I've just by the time you went through the
collection of stuff, I mean, I mean right now, how
many people do you know that have been run over
by a car?

Speaker 2 (32:24):
Julie Faery?

Speaker 13 (32:25):
No, But apart from that, you don't know. How many
people do you know who just out of surgery recovery Mars, Yeah,
but no one do. It's just like, how is it
you get this collection of counselors, all of whom are
maimed and injured I also I watched what.

Speaker 2 (32:38):
Was because the psycho ways are so dangerous, of course,
but the other person who wasn't there was there because
they'd requested to just be via video super uncol so
you can just say on the day on you know what.

Speaker 13 (32:52):
I think that was his point. I think you either
want to do the job or you don't. This whole
old phone.

Speaker 2 (32:59):
Don't don't, don't do it. Hey.

Speaker 13 (33:00):
By the way, just real quick, have you seen live
itt today midnight four p in this afternoon for us?

Speaker 2 (33:07):
Okay, good, four pm.

Speaker 13 (33:09):
Midnight there time?

Speaker 2 (33:10):
Other thing?

Speaker 13 (33:11):
Did you get your answer? I thought you raise a
very good question. Yesterday it started to show about the
earthquake and how come there's no tsunami?

Speaker 1 (33:16):
Yes?

Speaker 13 (33:16):
Did you get your answer?

Speaker 2 (33:17):
Yes? I did. We spoke to a scientist yesterday.

Speaker 13 (33:20):
Because I read the BBC did a very good piece.
What I also monitored yesterday at length was global media
as to how they dealt with it. And I can
tell you I can tell you it's probably outlier. I
can tell you there's one media outlet in the world
or outlets in the world who took it just a
little bit more seriously than the entire planet.

Speaker 2 (33:40):
New Zealand. No, yes it was. I tell you what.
The funniest coverage was from out of Hawaii when it
first started, because you got this kind of local reporters
who are covering it and watching this live camera of
nothing happening for you an hour and a half. Exactly
hard thing to do.

Speaker 13 (33:57):
It's a weird business anyway, Top play by the way,
trade I can hopefully it's ten percent.

Speaker 2 (34:04):
That's all. See tomorrow Monday.

Speaker 1 (34:08):
For more from Early Edition with Ryan Bridge. Listen live
to News Talks it'd be from five am weekdays, or
follow the podcast on iHeartRadio.
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