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John Weekes: Senior Business Journalist on what Trump's tariff increase means for NZ
US President Donald Trump has announced an increase to the current 10% tariff on NZ goods.
As of today, the President has raised these tariffs to 15%, leaving exporters concerned about their businesses.
President Trump says that this increase is a 'reciprocal' tariff. Senior Business Journalist John Weekes says that this comment has left confusion, as New Zealand does not impose tariffs on US products.
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By Newstalk ZBUS President Donald Trump has announced an increase to the current 10% tariff on NZ goods.
As of today, the President has raised these tariffs to 15%, leaving exporters concerned about their businesses.
President Trump says that this increase is a 'reciprocal' tariff. Senior Business Journalist John Weekes says that this comment has left confusion, as New Zealand does not impose tariffs on US products.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
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