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flag US raises tariffs on New Zealand exports to 15%, sparking concerns over trade impacts.

flag The US has increased tariffs on New Zealand exports to 15%, up from the initially announced 10%, affecting goods like red meat and wine. flag New Zealand's Trade Minister Todd McClay argues the country is unfairly targeted given its modest trade surplus with the US. flag McClay plans to lobby the US for a lower rate, emphasizing the potential harm to both countries. flag The tariff hike could lead to higher costs for US consumers and New Zealand exporters, potentially pushing businesses to explore markets like China instead.

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