US expected to hike tariffs on New Zealand very soon, trade expert warns
A global trade expert predicts New Zealand will soon be hit with a 12.5% tariff on all of its exports to the United States. The expected increase could raise costs for New Zealand exporters across multiple sectors.
A global trade expert says the US administration is expected to soon impose a 12.5% tariff on all exports from New Zealand. The expert said the move would form part of Washington's broader recent tariff push.
New Zealand's major exports, including dairy, meat and wine, are expected to be directly affected by the tariff. Industry representatives warn that the added costs could weaken competitiveness in the US market.
New Zealand's government said it is monitoring the situation closely and may pursue diplomatic talks if needed. Economists say export-led growth could slow somewhat if the tariff takes effect.
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