Trump's trade war weighs on outlook for NZ dairy market

Wed, 25 Jul 2018

By Tina Morrison July 26 (BusinessDesk) - As New Zealand kicks off a new dairy season, a leading dairy brokerage is feeling bearish about the outlook as concerns mount about the impact of US President Donald Trump’s trade war, resulting in tit-for-tat tariffs that are likely to hike costs and dampen demand. "This trade war that's been initiated by the US and by Trump is really going to have no winners out of it," said OMF director of institutional commodities Nigel Brunel. "We're not liking what we see." Brunel said exporters and impor...

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