US President Trump imposes 10% tariff on New Zealand goods, citing inaccurate trade claims.
US President Donald Trump imposed a 10% tariff on New Zealand exports, mistakenly claiming New Zealand has a 20% tariff on US goods. New Zealand officials state the actual tariff is around 2%, and they will not retaliate, focusing instead on expanding trade with other countries. The tariffs could cost New Zealand exporters about $900 million annually and impact the economy through weaker growth and higher unemployment.
4 days ago
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