August 31, 2025 • 10 mins
Eric Roy thinks tariffs still have a way to go before there is proper clarity around them.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:08):
In this town.
Speaker 2 (00:11):
We got the forts from miles around, we got began
the heart.
Speaker 3 (00:18):
Eric Royd joins us this afternoon in their political roundup, Eric,
Good afternoon. The song is the Roaring Pin, no doubt.
Selth and Rugby doing it self proud with that result
yesterday up in Hamilton.
Speaker 1 (00:29):
Oh fantastic. I had a really good feeling about it
before it even started. You know that, a couple of
good wins and strong finishes and a lot of belief
in the team, and I just thought that why Ketto
would be vulnerable. We're gonna get all back neck. We'll
deal to these boys from down south. And I had
a really good feeling before it started. And with some
(00:51):
of the best TV watching for quite a while, that's
for sure.
Speaker 3 (00:55):
As far as the complete Stags performance to take in
North Harbor Anyway for the first ford minutes last year
and they put forty five points on the board, that
was pretty cool. But you think back to Stag Day
in twenty twenty when they beat a Tago and reasonably
comprehensively all things considered as been the next game that
comes to mind, because let's be honest, when you're a
self and fan, you lose your sporting soul because you
(01:16):
become immune to losing.
Speaker 1 (01:18):
It can be hard work at times. So we've got
we've got to beat the good times. And I'm you know,
let's see what they can do against Kennbury. The last
two times I've won the Shield two oh nine and
two eleven, they beat Canabary both times and in Kennabry
won't have it all Beck. They'll be required at Eden
(01:39):
Park on that Saturday. So I look, let's not just
give up and roll over. Yeah, I've got a bit
of belief in this team.
Speaker 3 (01:49):
Donald Trump and these terrorist he is imposing has been
they've been ruled to have been illegal. So not everything's
going the way for Trumpy at the moment.
Speaker 1 (01:57):
Well, he's an interesting character and he's clearly got a
lot of people that are pretty switched on, lawyers dredging
back and doing stuff. And so they found the rule
that allowed the president, i think a nineteen seventy three
rule that he could impose house if America was under threat,
(02:20):
and the Appeals Court of seven to four rule that
that wasn't the case. That he's us this authority, So
it's gone back to the Supreme Court. Are now going
to have a lock on trump'sby his now what he
will be doing is his legal people will be dredging
(02:41):
through all kinds of interesting stuff to see what they
can do, either to just keep the appeal going and
delaying the tactic, or to turn it over. And if
it does crunch for him, then all of the negotiations
that have taken place since he started putting in they
(03:02):
all go back to Gott and everybody starts again. But
I think the big question for Trump is the mid
terms are coming up next year, and because half the
Congress comes up every two years, so they don't all
go and run. Now. We talked I think last time
(03:23):
about what the cost of the tariffs mean to the
individual American household forty six bucks a week at this stage,
and sooner or later there's going to be a bit
of recognition that Trump might not be the savior that
everybody thought they were. And some of those provincial are
(03:46):
they're not provincial, shall we say, the more regional states
in America are going to start and realize, hang on
a minute, I might not just get back into the
common dress again or to the House if this continues.
So I think there's a few things to play out here.
Speaker 3 (04:09):
Yet, what's going to happen they're regarding these terriffs with
Donald Trump, but more importantly the midterms next year. If
he loses the midterms, what does this mean for Congress.
Speaker 1 (04:18):
Well, well, he hasn't really worried about Congress. He's kind
of cut his own plots, see see putting the tariffs through.
That he has is See what these appeals court has
ruled is that that's the responsibility of Congress, not of
the President. And the President said no, no, no.
Speaker 2 (04:37):
I have the rights under the powers of emergency America
and the threat.
Speaker 1 (04:42):
That's where the whole thing is.
Speaker 2 (04:43):
So if the Supreme Court upholds the appeals Court.
Speaker 1 (04:49):
Decision and then he loses Congress.
Speaker 2 (04:52):
Then I think that we've got a new board to
draw a picture of where we go from here.
Speaker 1 (04:59):
It's going to be very interesting to see what happens.
Speaker 3 (05:02):
Now we talk about parliament here in New Zealand. Parliamentary
standards is something that you think is slipping. We've talked
about this a bit in the past, Eric, but unfortunately,
all these different little instances seem to pop up from
the ground, and yet again the narrative seems to involve
the Green Party.
Speaker 1 (05:20):
Well, there's certainly an effort on both both on behalf
of both for Greens and the Marii party to say
this is how we should be operating. And the first
thing is that Chloe probably hasn't read standing orders, or
(05:40):
she's pretending they are out of date. I'm not sure
what that is. But she wasn't asked to withdraw and
apologize for saying that a lot of people hadn't read
the situation right. She was required to apologize for saying
that they were fineless. And there are a lot of words.
All members are honorable members, and you're not allowed to
(06:03):
call someone a liar or duplicious, or a hypocrite or
spinealess that loads are kind of the rules. Now. The
quid tro quo of that is that you have to
accept the word of every member, and if they fall over,
if they are proven to have misled the house, the
consequences are quite dramatic. And I'll just draw your thoughts
(06:24):
back to I think it was Claire Curran who said
she ran into Carol Hirshfield when she was Minister of
Broadcasting and they had a sort of accidental meeting and
then they found then they found that she diaried the
meeting six weeks earlier or sometime earlier now, she lost
her portfolio as a minister and subsequently lost her seat
(06:45):
in Parliament. So the consequences if you do lie, if
you're not honorable, they're pretty dramatic. And in order to
kind of honor that, you've got all these rules about
what you can and can't say about other members. And
all Choe had to say was she would and apologize.
But she didn't do that. And of course she wouldn't
do that because every day the media was saying, are
(07:07):
you going to apologize? No, no, that's what I said
is true, and she just had an opportunity of repeating
it outside the house.
Speaker 3 (07:15):
It takes all sorts, Sarah Kroi. Now, the Reserve Bank
has been in the news over the last couple of weeks,
and not for the right reasons. This is concerning.
Speaker 1 (07:23):
Well, it kind of is because they've got an important role.
Now they've got very very blunt tools to do what
they've got to do, which is essentially to manage the
economy with a particular interest in keeping inflation below three percent. Now,
what happened is we had the Governor Adrian or requesting
(07:46):
a lot of money and wanting to set some new
rules and change bit like the Maori Party in a way,
and that was kind of overall. So he left for
in inverted comments personal reason. He didn't leave the personal reasons.
He left because he'd thrown the toys out of the
cot because he didn't get his own way. And then
we had the board offiscating it's a good word, or
(08:08):
not responding to official information requests about what actually happened.
And so then Nicholas said, boy, hang on a minute,
mister Quigley, I think your time is up, and if
you don't volunteer, I'm going to move you anyway. But
given that their role is such a significant and important role,
(08:30):
and perhaps they had been a little bit, shall we say,
just difficult to actually assist the government with his program
of getting growth going, there's quite a bit of tension there.
And if they're going to make these going to make
these rules about where the interest rates to mop up
(08:51):
and just moving a little bit more slowly than the
government intended, and they are independent, then some they need
to be able to stand up some scrutiny on how
they make those decisions. Otherwise they're kind of calling the shots,
and there is no responsibility required of them to explain
(09:11):
what they're doing.
Speaker 3 (09:12):
This is ironic. I've just looked them up the Reserve
Bank of New Zealand. Welcome to the Reserve Bank of
New Zealand. We enable economic well being and prosperity for
all New Zealanders. In underneath you can click on the
careers link.
Speaker 1 (09:26):
There you go. Yeah, well, look and it is an
important role that they've got. And look, inflation is the
worst enemy that we've got. I'm old enough to remember
when under molding it got up to eighteen percent and
we couldn't sell products overseas without subsidizing their production here,
(09:47):
and we were just going a downward spiral. And no
one is interested when you're selling your products to say, hey,
now you've got to pay a bit more. We've got
this problem of inflation. We've actually got to be competitive
and the cost at which we produce things goes alongside
the quality of what we're doing and all those other
things that build a real appeal about the products that
(10:11):
we sell.
Speaker 3 (10:12):
Eric Roy always appreciate your time on the muster enders up.
Speaker 1 (10:16):
Right, good one.
Speaker 3 (10:20):
Eric Roy always appreciates time on the muster As we
do our next guest, we're going to catch up with
Nigel Johnson.
In this town.
Speaker 2 (00:11):
We got the forts from miles around, we got began
the heart.
Speaker 3 (00:18):
Eric Royd joins us this afternoon in their political roundup, Eric,
Good afternoon. The song is the Roaring Pin, no doubt.
Selth and Rugby doing it self proud with that result
yesterday up in Hamilton.
Speaker 1 (00:29):
Oh fantastic. I had a really good feeling about it
before it even started. You know that, a couple of
good wins and strong finishes and a lot of belief
in the team, and I just thought that why Ketto
would be vulnerable. We're gonna get all back neck. We'll
deal to these boys from down south. And I had
a really good feeling before it started. And with some
(00:51):
of the best TV watching for quite a while, that's
for sure.
Speaker 3 (00:55):
As far as the complete Stags performance to take in
North Harbor Anyway for the first ford minutes last year
and they put forty five points on the board, that
was pretty cool. But you think back to Stag Day
in twenty twenty when they beat a Tago and reasonably
comprehensively all things considered as been the next game that
comes to mind, because let's be honest, when you're a
self and fan, you lose your sporting soul because you
(01:16):
become immune to losing.
Speaker 1 (01:18):
It can be hard work at times. So we've got
we've got to beat the good times. And I'm you know,
let's see what they can do against Kennbury. The last
two times I've won the Shield two oh nine and
two eleven, they beat Canabary both times and in Kennabry
won't have it all Beck. They'll be required at Eden
(01:39):
Park on that Saturday. So I look, let's not just
give up and roll over. Yeah, I've got a bit
of belief in this team.
Speaker 3 (01:49):
Donald Trump and these terrorist he is imposing has been
they've been ruled to have been illegal. So not everything's
going the way for Trumpy at the moment.
Speaker 1 (01:57):
Well, he's an interesting character and he's clearly got a
lot of people that are pretty switched on, lawyers dredging
back and doing stuff. And so they found the rule
that allowed the president, i think a nineteen seventy three
rule that he could impose house if America was under threat,
(02:20):
and the Appeals Court of seven to four rule that
that wasn't the case. That he's us this authority, So
it's gone back to the Supreme Court. Are now going
to have a lock on trump'sby his now what he
will be doing is his legal people will be dredging
(02:41):
through all kinds of interesting stuff to see what they
can do, either to just keep the appeal going and
delaying the tactic, or to turn it over. And if
it does crunch for him, then all of the negotiations
that have taken place since he started putting in they
(03:02):
all go back to Gott and everybody starts again. But
I think the big question for Trump is the mid
terms are coming up next year, and because half the
Congress comes up every two years, so they don't all
go and run. Now. We talked I think last time
(03:23):
about what the cost of the tariffs mean to the
individual American household forty six bucks a week at this stage,
and sooner or later there's going to be a bit
of recognition that Trump might not be the savior that
everybody thought they were. And some of those provincial are
(03:46):
they're not provincial, shall we say, the more regional states
in America are going to start and realize, hang on
a minute, I might not just get back into the
common dress again or to the House if this continues.
So I think there's a few things to play out here.
Speaker 3 (04:09):
Yet, what's going to happen they're regarding these terriffs with
Donald Trump, but more importantly the midterms next year. If
he loses the midterms, what does this mean for Congress.
Speaker 1 (04:18):
Well, well, he hasn't really worried about Congress. He's kind
of cut his own plots, see see putting the tariffs through.
That he has is See what these appeals court has
ruled is that that's the responsibility of Congress, not of
the President. And the President said no, no, no.
Speaker 2 (04:37):
I have the rights under the powers of emergency America
and the threat.
Speaker 1 (04:42):
That's where the whole thing is.
Speaker 2 (04:43):
So if the Supreme Court upholds the appeals Court.
Speaker 1 (04:49):
Decision and then he loses Congress.
Speaker 2 (04:52):
Then I think that we've got a new board to
draw a picture of where we go from here.
Speaker 1 (04:59):
It's going to be very interesting to see what happens.
Speaker 3 (05:02):
Now we talk about parliament here in New Zealand. Parliamentary
standards is something that you think is slipping. We've talked
about this a bit in the past, Eric, but unfortunately,
all these different little instances seem to pop up from
the ground, and yet again the narrative seems to involve
the Green Party.
Speaker 1 (05:20):
Well, there's certainly an effort on both both on behalf
of both for Greens and the Marii party to say
this is how we should be operating. And the first
thing is that Chloe probably hasn't read standing orders, or
(05:40):
she's pretending they are out of date. I'm not sure
what that is. But she wasn't asked to withdraw and
apologize for saying that a lot of people hadn't read
the situation right. She was required to apologize for saying
that they were fineless. And there are a lot of words.
All members are honorable members, and you're not allowed to
(06:03):
call someone a liar or duplicious, or a hypocrite or
spinealess that loads are kind of the rules. Now. The
quid tro quo of that is that you have to
accept the word of every member, and if they fall over,
if they are proven to have misled the house, the
consequences are quite dramatic. And I'll just draw your thoughts
(06:24):
back to I think it was Claire Curran who said
she ran into Carol Hirshfield when she was Minister of
Broadcasting and they had a sort of accidental meeting and
then they found then they found that she diaried the
meeting six weeks earlier or sometime earlier now, she lost
her portfolio as a minister and subsequently lost her seat
(06:45):
in Parliament. So the consequences if you do lie, if
you're not honorable, they're pretty dramatic. And in order to
kind of honor that, you've got all these rules about
what you can and can't say about other members. And
all Choe had to say was she would and apologize.
But she didn't do that. And of course she wouldn't
do that because every day the media was saying, are
(07:07):
you going to apologize? No, no, that's what I said
is true, and she just had an opportunity of repeating
it outside the house.
Speaker 3 (07:15):
It takes all sorts, Sarah Kroi. Now, the Reserve Bank
has been in the news over the last couple of weeks,
and not for the right reasons. This is concerning.
Speaker 1 (07:23):
Well, it kind of is because they've got an important role.
Now they've got very very blunt tools to do what
they've got to do, which is essentially to manage the
economy with a particular interest in keeping inflation below three percent. Now,
what happened is we had the Governor Adrian or requesting
(07:46):
a lot of money and wanting to set some new
rules and change bit like the Maori Party in a way,
and that was kind of overall. So he left for
in inverted comments personal reason. He didn't leave the personal reasons.
He left because he'd thrown the toys out of the
cot because he didn't get his own way. And then
we had the board offiscating it's a good word, or
(08:08):
not responding to official information requests about what actually happened.
And so then Nicholas said, boy, hang on a minute,
mister Quigley, I think your time is up, and if
you don't volunteer, I'm going to move you anyway. But
given that their role is such a significant and important role,
(08:30):
and perhaps they had been a little bit, shall we say,
just difficult to actually assist the government with his program
of getting growth going, there's quite a bit of tension there.
And if they're going to make these going to make
these rules about where the interest rates to mop up
(08:51):
and just moving a little bit more slowly than the
government intended, and they are independent, then some they need
to be able to stand up some scrutiny on how
they make those decisions. Otherwise they're kind of calling the shots,
and there is no responsibility required of them to explain
(09:11):
what they're doing.
Speaker 3 (09:12):
This is ironic. I've just looked them up the Reserve
Bank of New Zealand. Welcome to the Reserve Bank of
New Zealand. We enable economic well being and prosperity for
all New Zealanders. In underneath you can click on the
careers link.
Speaker 1 (09:26):
There you go. Yeah, well, look and it is an
important role that they've got. And look, inflation is the
worst enemy that we've got. I'm old enough to remember
when under molding it got up to eighteen percent and
we couldn't sell products overseas without subsidizing their production here,
(09:47):
and we were just going a downward spiral. And no
one is interested when you're selling your products to say, hey,
now you've got to pay a bit more. We've got
this problem of inflation. We've actually got to be competitive
and the cost at which we produce things goes alongside
the quality of what we're doing and all those other
things that build a real appeal about the products that
(10:11):
we sell.
Speaker 3 (10:12):
Eric Roy always appreciate your time on the muster enders up.
Speaker 1 (10:16):
Right, good one.
Speaker 3 (10:20):
Eric Roy always appreciates time on the muster As we
do our next guest, we're going to catch up with
Nigel Johnson.
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