NZ faces $1.4b trade cost hit from US tariffs

NZ government officials are still hoping to negotiate over Donald Trump's tariffs. (Image: Getty)

Mon, 04 Aug 2025

The 15% tariff on New Zealand products into the United States means the country will have to adjust to upwards of $1.4 billion of potential trade costs.That is the “tariff bill” US importers will need to pick up on the current value of NZ’s goods exports, ASB Bank economists said. Total merchandise goods exports to the US were $9.345b in the 12 months to June 30, or just over 12% of NZ’s total merchandise exports.“Whether it is lost sales or thinner margins, a proportion of that bill will impact NZ exporters u...

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