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

Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

The quiet rise of ‘ghost brands’
Retail

The quiet rise of ‘ghost brands’

About 90% of the 80-odd Pita Pit stores now have virtual brands operating in them.

Gregor Thompson 17 Sep 2025
‘Unusual’ volume of CCCFA changes in focus
Finance

‘Unusual’ volume of CCCFA changes in focus

Select committee mulls proposed changes to CCCFA, to report recommendations Oct 20.

Andy Macdonald 16 Sep 2025
Two more Smiths City stores close as liquidation sale winds up, massive discounts
Retail

Two more Smiths City stores close as liquidation sale winds up, massive discounts

Embattled retailer Smiths City has closed two more stores as its fire sale draws winds up this weekend.Administrators Colin Gower and Diana Matchett of BDO Christchurch on Friday said staff numbers will significantly reduce from next week, with remaining staff to assist with deli...

Staff reporters 12 Sep 2025