S&P/NZX 50 index down 1.6% after Trump announcement

The NZ market was the first to open after US president Donald Trump's announcement. (Image: NZX)

Thu, 03 Apr 2025

Thu, 03 Apr 2025

The S&P/NZX 50 index was down 1.6% in early trading, and the New Zealand dollar dipped after US President Donald Trump imposed a baseline minimal tariff of 10% on all countries, including NZ. The 10% tariff will take effect April 5 at 12:01am, Eastern Daylight Time (EDT). The individualised reciprocal higher tariff will come into effect on April 9 at 12:01am EDT.Trump detailed his tariff plans, which included a 34% tariff on China and a 20% tariff on the European Union. 'Unjustified'The 10% tariff for NZ is “un...

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