Increased US tariffs drive NZ stocks lower

Shares in Fisher & Paykel Healthcare took a hit after the US raised tariffs on NZ exports to 15%. (Image: NZME)

Fri, 01 Aug 2025

Higher-than-expected tariffs on New Zealand exports to the United States drove the sharemarket lower, led by weakness in Fisher & Paykel Healthcare.The S&P/NZX50 Index ended 94.34 points, or 0.74%, down at 12,729.40, with 32 million shares, worth $108.1 million, trading.There were 86 decliners and 42 gainers on the main board.The imposition by the US of a 15% tariff on NZ goods, up from a previously advised 10%, took the market by surprise.Exporters stungAmerica is a key export destination for F&P Healthcare (FPH) – the market...

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