U.S. removes 15% tariffs on $2B in New Zealand beef and kiwifruit exports, easing trade tensions.

The U.S. has lifted 15% tariffs on $2 billion in New Zealand exports, including beef and kiwifruit, under a new executive order by President Donald Trump. The move reverses earlier duties that caused supply concerns and inflation fears, benefiting New Zealand’s meat sector and exporters. While beef and kiwifruit are now tariff-free, lamb exports still face a 15% duty. Trade officials welcomed the change as a boost to competitiveness with Australia and a sign of improved bilateral relations, following a meeting between Prime Minister Christopher Luxon and Trump at the APEC summit.