Some of New Zealand's biggest exporters to the US are trying to come to grips with what exactly the tariffs will mean to them.
New Zealand will not impose retaliatory tariffs on the US after President Trump levied a 10% tariff on New Zealand exports. Trade Minister Todd McClay highlighted the negative impact of tariffs on consumers and inflation.
Some of the more sparsely populated territories in the world that do little trade with the United States have been caught up in the trade war.
Some of New Zealand's biggest exporting industries to the US are still coming to grips with the Trump administration's tariffs announcement, and say it's too early to tell what impacts it will have on businesses.
The United States will impose a minimum 10% tax on all imported goods and much higher rates on countries it perceives to have unfair trade practices, President Donald Trump announced at the White House on Thursday morning NZ time.
The Trump administration, in its calculation, said the former British penal colony charges the United States 58% tariffs — and it responded with a tariff rate of 29% on Norfolk Island, whose economy revolves around tourism. It’s about a thousand miles east of Sydney.
Former New Zealand High Commissioner to the United Kingdom Phil Goff is not backing down from his comments on United States President Donald Trump, and says he would do it again. Goff is back in New Zealand after being sacked from his role,
Some of America’s ranchers welcomed President Trump’s tariff plan, hoping it will curb beef imports and raise the value of their cattle. Trump added 10% duties on goods from three of the country’s largest beef-trading partners—Brazil,