The Trade Minister's laying bare the cost of Donald Trump's tariffs for New Zealand

The US President's imposing 25-percent tariffs for all steel and aluminium imports - and says there'll be no exceptions.

Todd McClay says that's not surprising, following similar moves by Trump in his first term.

He says it won't significantly impact us - especially compared to exports like beef and wine.

McClay says our exporters will face about an extra five-million-dollars of tariffs - on about 150-million-dollars worth of exports.