How this NZ firm has given itself breathing room from Trump's tariffs

Skellerup says it has laid the platform to shift more production to the US. (Image: Skellerup Group)

Mon, 03 Feb 2025

New Zealand Exchange-listed industrial manufacturer Skellerup says a 10% tariff on goods imported from China to the US could cost it about $1.5 million annually. US President Donald Trump has announced a 10% tariff on goods from China and 25% tariffs on Canadian and Mexican imports, which will come into effect this week. On Monday morning, Fisher & Paykel Healthcare’s shares tumbled more than 8% on the news, although the firm said in a market release the tariffs would increase its costs but not hit profit. Analysts have...

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