Defensive stocks provide stability for NZX amid tariff turmoil

Craigs Investment Partners senior research analyst Mohandeep Singh said there was a “two-speed” reaction in the market to US President Donald Trump's tariffs. (Image: Getty)

Staff reporters

Thu, 10 Apr 2025

Don’t mention it too loudly, but NZ has so far escaped from US President Donald Trump’s tariff regime relatively unscathed. The NZX has had a rough few days, however, market watchers say the defensive nature of many of our largest listed firms combined with the comparatively low tariff at 10% gives NZ breathing room. The NZ dollar is also being pushed lower, which will ameliorate some of the tariff effects for exporters. However, early Thursday morning, US President Donald Trump authorised a 90-day pause on reciprocal...

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