US EditionNZ markets thud, not bounce on tariff reveal
3 Articles
3 Articles
NZ markets thud, not bounce on tariff reveal
Some hoped the open of the New Zealand markets would open with a bounce as certain tariffs fell short of the worst-case scenario, but investors were met with a deflated thud.The New Zealand market fell immediately as stock market darling Fisher & Paykel Healthcare’s shares were punished, with no update on tariffs on Mexico and a new tariff placed on New Zealand.The company splits its production between Mexico and New Zealand (45 percent and 55 p…
'It will have an impact on exports': Trump adds 10% tariff to NZ goods
US President Donald Trump holds a signed executive order on tariffs in the Rose Garden at the White House in Washington. Photo: Reuters New Zealand exporters face hundreds of millions of dollars of tariffs on goods sent to the US as President Trump carried through with his trade charges.
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