EL7.AI
GeopoliticsMedium•15 November 2026•
1 min read

US ITC Considers Safeguard Tariffs on $750 Million New Zealand Lamb Exports

Key Facts

1The US International Trade Commission is considering tariffs that could impact New Zealand's $750 million annual lamb exports.
2The worst-case scenario involves a 30% safeguard tariff added to the existing 12.5% Section 301 tariff.

The US International Trade Commission is considering tariffs that could impact New Zealand's $750 million annual lamb exports. B2B News reported that the worst-case scenario involves a 30% safeguard tariff added to the existing 12.5% Section 301 tariff. The commission is evaluating these measures to determine if imports are causing serious injury to domestic US producers.

The proposed action seeks to protect US producers amid shifting supply chains, with potential combined duties reaching 42.5%. This trade development follows US economic data released on November 13, 2026, which showed the Core Producer Price Index rising 0.3% month-on-month, while the headline Producer Price Index grew by 0.3%, slightly below the 0.4% forecast.

A remedies hearing is scheduled for December 1, 2026, to further discuss the proposed trade restrictions. Additionally, Federal Reserve Chair Kevin Warsh is expected to deliver a speech on November 16, 2026, providing further context on the US economic and regulatory environment.