A punitive tariff

Stuff reports:

New Zealand exports will face a 15% tariff after the latest moves from US President Donald Trump.

Trump signed the order for new tariffs to go into effect in 7 days on a wide swathe of US trading partners.

The tariff will be levied on New Zealand exports to the US. In Trump’s “Liberation Day” event on April 2 New Zealand exports were marked down for a 10% tariff – so the new rate is an increase.

A bad decision, economically and politically. US consumers will pay more, and NZ businesses will suffer.

It also means that we will end up trading more with other countries such as China, so it is also geopolitically stupid.