Trump axes duty free rule early, raising costs for NZ’s exporters

Trump axes duty free rule early, raising costs for NZ’s exporters
US President Donald Trump has brought forward a suspension of duty free de minimis treatment for all countries. (Image: Getty)
John Anthony
New Zealand exporters selling directly to United States consumers via e-commerce are facing a major blow as a new Donald Trump executive order scraps tariff-free entry for low-value shipments, a tax expert warns.On Thursday, the US President suspended duty-free de minimis treatment for all countries, meaning that low-value shipments will no longer be allowed to enter without paying customs duties or tariffs.The following day, he also increased NZ’s reciprocal tariff on exports to the US from 10% to 15%.EY indirect tax and global trade par...

More Retail

Journee to succeed Withers as Warehouse chair
Retail

Journee to succeed Withers as Warehouse chair

Journee ensures "strong continuity of leadership", Joan Withers said.

Gregor Thompson 01 Aug 2025
Capital raise helps Paper Plus co-op out of jam
Retail

Capital raise helps Paper Plus co-op out of jam

The co-operative tapped members last year after it breached banking covenants.

Gregor Thompson 29 Jul 2025
Time ripe to stop forex fees confusion
Finance

Time ripe to stop forex fees confusion

Misleading 'fees free' foreign exchange deals are costing Kiwis.

Pattrick Smellie 22 Jul 2025
Warehouse reshuffles exec team
Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Staff reporters 18 Jul 2025