NZ dollar sinks, may fall below 68 US cents, on Trump's latest tariffs, possible China response

Wed, 11 Jul 2018

By Jonathan Underhill July 11 (BusinessDesk) - The New Zealand dollar fell after the US unveiled a list of US$200 billion of Chinese imports facing a new 10 percent tariff prompting China to say it will be forced to retaliate and revive fears of a trade war. The kiwi traded at 68.09 US cents as at 5pm in Wellington from 68.45 cents late yesterday. The trade-weighted index was at 72.79 from 72.85 yesterday. US Trade Representative Robert Lighthizer today said the president ordered his office start work on imposing additional tariffs to...

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